Announced financings: Sept. 26

September 27, 2023 11:12 AM PST

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

1. Fission Uranium Corp. (TSX-: FCU)

  • Gross Proceeds: $8 million
  • Sector: Uranium
  • Units issued: 6.72 million
  • Type: Flow-through shares
  • Price: $1.19
  • Warrants: None
  • Agents: Not stated
  • Use of Proceeds: Ongoing exploration

Company breakdown:

  • Uranium company focused on the PLS project on the Athabasca Basin
  • Shares have been on the rise since July, as uranium prices have climbed
  • Not a lot of other recent news

2. Zinc8 Energy Solutions Inc. (CSE: ZAIR)

  • Gross Proceeds: $5 million
  • Sector: Zinc batteries
  • Units issued: 333.33 million
  • Type: Common shares
  • Price: $0.015
  • Warrants: None
  • Agents: Non-brokered
  • Use of Proceeds: Working capital

Company breakdown:

  • Focused on developing and commercializing its zinc air batteries
  • Laid off staff amid CEO resignation in mid September

3. Aton Resources Inc. (TSX-V: AAN)

  • Gross Proceeds: $3 million
  • Sector: Precious metals
  • Units issued: 13.64 million
  • Type: Special units
  • Price: $0.22
  • Warrants: None
  • Agents: Non-brokered
  • Use of Proceeds: Ongoing exploration

Company breakdown:

  • Gold junior focused on the Abu Marawat Concession in Egypt
  • Recently sampled 36.2 g/t Au at Abu Marawat

4. Vinergy Resources Ltd. (CES: VIN)

  • Gross Proceeds: $1.5 million
  • Sector: Investment issuing
  • Units issued: 7.5 million
  • Type: Special units
  • Price: $0.20
  • Warrants: Half; $0.30; Two years
  • Agents: Non-brokered
  • Use of Proceeds: Not stated

Company breakdown:

  • Gold junior focused on the Abu Marawat Concession in Egypt
  • Recently sampled 36.2 g/t Au at Abu Marawat

5. Ostrom Climate Solutions Inc. (TSX-V: COO)

  • Gross Proceeds: $1.25 million
  • Sector: Ecological assets
  • Units issued: 18.12 million
  • Type: Special units
  • Price: $0.069
  • Warrants: None
  • Agents: Non-brokered
  • Use of Proceeds: Working capital

Company breakdown:

  • Emissions offsets provider
  • Lack of recent news

 

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