Announced financings: Sept. 18

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

1. Reunion Gold Corp. (TSX-V: RGD)

• Gross Proceeds: $70 million (bought deal)
• Sector: Precious metals
• Units issued: 152.2 million
• Type: Common shares
• Price: $0.46
• Warrants: None
• Agents: BMO Capital Markets
• Use of Proceeds: Project advancement

Company breakdown:

• Precious metals exploration company with projects in Guyana and Suriname
• Shares have been on the rise since February after the company acquired its flagship Oko West project
• Recently filed a technical report for Oko West

2. Columbia Care Inc. (CSE: CCHW)

• Gross Proceeds: $33.8 million
• Sector: Cannabis
• Units issued: 22.24 million
• Type: Special units
• Price: $1.52
• Warrants: Half; $1.96; Three years
• Agents: Non-brokered
• Use of Proceeds: Debt repayment

Company breakdown:

• Cannabis company with licenses in 16 U.S. jurisdictions
• Shares jump sharply after late August
• Earned US$49,000 in Q2 2023

3. Canopy Growth Corp. (TSX: WEED)

• Gross Proceeds: US$25 million
• Sector: Cannabis
• Units issued: 22.93 million
• Type: Special units
• Price: US$1.09
• Warrants: Full; US$1.35; Five years
• Agents: Cormark Securities
• Use of Proceeds: Additional liquidity

Company breakdown:

• Cannabis giant with a large portfolio of CPG products
• Shares have been on the decline for most of 2023

4. E3 Lithium Ltd. (TSX-V: ETL)

• Gross Proceeds: $20 million (bought deal)
• Sector: Lithium
• Units issued: 5.64 million
• Type: Common shares
• Price: $3.55
• Warrants: None
• Agents: Eight Capital
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Lithium development company with a project with 16 million tonnes of lithium carbonate equivalent at its flagship project in Alberta
• Clearwater lithium project has a net present value of US$1.1 billion
• Recent tests returns 94% initial lithium recovery

5. Commerce Resource Corp. (TSX-V: CCE)

• Gross Proceeds: $4.8 million
• Sector: Rare earths
• Units issued: 60 million
• Type: Special units
• Price: $0.08
• Warrants: Full; $0.12; Three years
• Agents: Non-brokered
• Use of Proceeds: Resource update

Company breakdown:

• Rare earth and fluorspar explorer with a flagship project in Quebec
• Planning a resource update and an updated preliminary economic assessment for its flagship Ashram project