Announced financings: Sept. 6

September 7, 2023 12:02 PM PST

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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