Announced financings: Oct. 16

October 17, 2023 11:45 AM PST

Here’s your roundup of announced equity financings, courtesy of PrivatePlacements.com, the only database that tracks every financing, every day.

1. DynaCERT Inc. (TSX: DYA)

  • Gross Proceeds: $6 million
  • Sector: Carbon reduction tech
  • Units issued: 40 million
  • Type: Special units
  • Price: $0.15
  • Warrants: Half; $0.20; Three years
  • Agents: Non-brokered
  • Use of Proceeds: Project financing

Company breakdown:

  • Manufactures and distributes carbon emissions reduction technology
  • Recently received a "significant repeat order" for its HydraGEN tech

2. Tincorp Metals Inc. (TSX-V: TIN)

  • Gross Proceeds: $3 million
  • Sector: Base metals
  • Units issued: 7.5 million
  • Type: Special units
  • Price: $0.40
  • Warrants: Full; $0.58; Two years
  • Agents: Non-brokered
  • Use of Proceeds: Working capital

Company breakdown:

  • Tin exploration junior with projects in Bolivia
  • Recently hit 6.13 metres of 1.71% tin at its Provenir project

3. HPQ-silicon Resources Inc. (TSX-V: HPQ)

  • Gross Proceeds: $2.5 million
  • Sector: Green silicon processing
  • Units issued: 9.09 million
  • Type: Special units
  • Price: $0.275
  • Warrants: Full; $0.30; Two years
  • Agents: Non-brokered
  • Use of Proceeds: Not stated

Company breakdown:

  • Developing green engineering processes to produce silicone
  • Recently completed a silicon pour with 99.5% purity

4. Altamira Gold Corp. (TSX-V: ALTA)

  • Gross Proceeds: $2.5 million
  • Sector: Precious metals
  • Units issued: 20 million
  • Type: Special units
  • Price: $0.125
  • Warrants: Full; $0.20; Two years
  • Agents: Non-brokered
  • Use of Proceeds: Ongoing drilling

Company breakdown:

  • Gold junior with projects in west central Brazil
  • Its Cajueiro project has NI 43-101 resources of 185,000 ounces of gold

5. Power Nickel Inc. (TSX-V: PNPN)

  • Gross Proceeds: $2.75 million
  • Sector: Base metals
  • Units issued: 4 million; 3 million
  • Type: Flow-through units; Special units
  • Price: $0.50; $0.25
  • Warrants: None
  • Agents: Non-brokered
  • Use of Proceeds: Project advancement

Company breakdown:

  • Nickel junior with a flagship project Nisk, which it calls "canada's first carbon neutral nickel mine"
  • Aims to release an NI 43-101 report in November

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