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Every week, financings become free-trading and generate mind-blowing returns for investors, and this week was no different. Here, we dig into three of the most interesting, including offerings from yet another crypto company reaping 1000%+ gains, a wireless provider whose shares took off overnight, and an up-and-coming junior miner.
Voyager Digital Ltd. (CSE: VYGR) Term Sheet
- Type of financing: Brokered
- Gross proceeds: $8 million
- Number of units: 5.37 million
- Price per unit: $1.50
- Closing date: 12/15/20
- Yesterday’s closing price (March 25): $21.35
- Gains: 1322%
- Warrants: Half
- Strike Price: $2.50
- Expiry date: 12/15/22
- Net ROI w/ warrants ($100k investment): $1.95 million
Company breakdown:
- Voyager's flagship product is an app that gives users access to over a dozen cryptocurrency exchanges
- Voyager's total assets under management exceeded US$2.4 billion as of March 31
- Shares rose massively between January and April, as Bitcoin was peaking and crypto enthusiasm reached a high point
NuRAN Wireless Inc. (CSE: NUR) Term Sheet
Type of financing: Non-brokered
- Gross proceeds: $400,000
- Number of units: One million
- Price per unit: $0.40
- Closing date: 12/15/2020
- Yesterday’s closing price (March 2): $2.05
- Gains: 413%
- Warrants: Full
- Strike Price: $0.50
- Expiry date: 6/15/22
- Net ROI w/ warrants ($100k investment): $412,500
Company breakdown:
- Provides wireless solutions to remote and rural areas
- Shares rose from 39.5 cents to $2.70 in a single day back in early February after the company announced a $500 million network as a service agreement with Orange DRC in the Democratic Republic of the Congo
- Contract is to construct and operate 2,000 NuRAN towers over the next 40 months in the country, with a particular focus on rural communities with populations lower than 5,000 people
- NuRAN expanded the agreement in March, with Orange exercising an option to ad an additional 120 networking sites in Cameroon
Goliath Resources Ltd. (TSX-V: GOT) Term Sheet
- Type of financing: Non-brokered
- Gross proceeds: $1.83 million
- Number of units: 2.53 million
- Price per unit: $0.19
- Closing date: 12/11/20
- Yesterday’s closing price (March 2): $0.78
- Gains: 310%
- Warrants: Full
- Strike Price: $0.285
- Expiry date: 12/11/22
- Net ROI w/ warrants ($100k investment): $571,000
Company breakdown:
- Junior miner with projects in the Golden Triangle of British Columbia and the Abitibi Greenstone Belt in Quebec
- Shares have risen since the company sampled 10 metres of 14.11 gold-equivalent grams per tonne (g/t AuEq) at its Golddigger project
- Later sampled 15.1 metres of 13.05 g/t AuEq at Golddigger
- Sprott acquired an 8.5% interest back in February
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