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
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