Announced financings: March 20, 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. Vior Inc. (TSX-V: VIO)

• Gross Proceeds: $20 million
• Sector: Precious metals
• Units issued: 58.43 million; 56 million
• Type: Flow-through units; Special units
• Price: $0.22; $0.13
• Warrants: Half; $0.21; Two years
• Agents: Eight Capital
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Junior miner focused on the Belleterre gold project in Quebec and various other smaller projects
• Recently provided an update on its Skyfall project, including a discovery of 2.9 g/t Au
• Very infrequently posts news

2. Americas Gold and Silver Corp.

• Gross Proceeds: $7.5 million (upsized)
• Sector: Precious metals
• Units issued: 25 million
• Type: Special units
• Price: $0.30
• Warrants: Full; $0.40; Three years
• Agents: Eight Capital
• Use of Proceeds: Working capital

Company breakdown:

• Precious metals junior producer with projects in Mexico, Idaho, and Nevada
• Produced 580,000 ounces of gold in Q4 2023
• Recently intercepted 3,172 g/t silver over 1.4 metres at its Galena Complex project

3. Abitibi Metals Corp. (CSE: AMQ)

• Gross Proceeds: $5 million
• Sector: Metals
• Units issued: 5.81 million
• Type: Common shares
• Price: $0.86
• Warrants: None
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Base and precious metals junior with projects in Quebec
• Recently drilled 61.3 metres of 2.5% Cu at its B26 deposit
• Current share price is $0.55, placing the private placement at at 56% premium