Announced Financings: March 18, 2024

Here's your roundup of yesterday's announced financings, courtesy of PrivatePlacements.com, the only platform that posts every Canadian financing, every day.

1. Abaxx Technologies Inc. (NEO: ABXX) 

• Gross Proceeds: $1.25 million (bought deal)
• Sector: Futures exchange
• Units issued: 1.25 million
• Type: Common shares
• Price: $13.00
• Warrants: None
• Agents: Canaccord Genuity, BMO Capital Markets
• Use of Proceeds: Working capital

Company breakdown:

• Owns the Abaxx Exchange and Abaxx Clearing, a Singapore-based commodity futures exchange and clearinghouse, respectively
• Also provides financial technologies aiming to "make communication, trade, and transactions easier and more secure"
• Is in the final steps of launching the exchanges

2. Li-FT Power Ltd. (CSE: LIFT)

• Gross Proceeds: $7.14 million; $3 million
• Sector: Lithium
• Units issued: 1.18 million;  689,660
• Type: Flow-through shares; Flow-through shares
• Price: $6.05; $4.35
• Warrants: None
• Agents: Canaccord Genuity
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Lithium exploration company focused on the Yellowknife project in the Northwest Territories
• Has posted a number of drill results over the past several months, including 14 metres of 1.55% Li2O, 22 metres of 1.05% Li2O, and many more

3. Carolina Rush Corp. (TSX-V: RUSH)

• Gross Proceeds: $3 million
• Sector: Precious metals
• Units issued: 15 million
• Type: Special units
• Price: $0.20
• Warrants: Half; $0.30; Three years
• Agents: Paradigm Capital
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Gold and copper junior exploring in the southeast U.S.
• Recently intercepted grades including 12.0 metres of 3.9 g/t Au and 2.5 metres of 169 g/t Au as part of a 2,000-metre drill program, shares rose sharply as a result