Here’s your roundup of announced equity financings, courtesy of PrivatePlacements.com, the only database that tracks every financing, every day.
1. Savaria Corp. (TSX: SIS)
- Gross Proceeds: $55 million
- Sector: Accessibility equipment
- Units issued: 3.79 million
- Type: Common shares
- Price: $14.50
- Warrants: None
- Agents: National Bank Financial
- Use of Proceeds: Debt payment
Company breakdown:
- Provides accessibility solutions for differently-abled people
- Paid a 4.33 cent dividend on Sept. 8
2. Canadian Overseas Petroleum Ltd. (CSE: XOP)
- Gross Proceeds: US$3.5 million
- Sector: Oil and gas
- Units issued: 110.25 million
- Type: Common shares
- Price: $0.04
- Warrants: None
- Agents: Non-brokered
- Use of Proceeds: Working capital
Company breakdown:
- International oil and gas company with projects in Wyoming
- Crude oil sales before royalties averaged 1,103 barrels per day in the past quarter
3. Acme Lithium Inc. (CSE: ACME)
- Gross Proceeds: $1.35 million
- Sector: Lithium
- Units issued: 9 million
- Type: Special units
- Price: $0.15
- Warrants: Half; $0.30; Two years
- Agents: Non-brokered
- Use of Proceeds: Ongoing exploration
Company breakdown:
- Battery metals junior with projects in Nevada, Manitoba, and Saskatchewan
- Recently began exploration at its Bailey project
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