Daily Announced Financings: February 14

Here's your daily roundup of all the notable Canadian financings announced today, courtesy of PrivatePlacements.com: the only database that tracks every private placement, every day.
 

1. Astra Exploration Inc. (TSX-V: ASTR)

• Gross Proceeds: $1 million
• Sector: Precious metals
• Units issued: 9.09 million
• Type: Special units
• Price: $0.11
• Warrants: Full; $0.15; Two years
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Junior miner focused on projects in Chile
• Has mapped areas on its Pampa Paciencia project, including areas with up to 5.33 grams of gold per tonne
• Area is mostly unexplored since the discovery was made in 2015
• Dropped half a cent to 11 cents per share following financing announcement

2. Martello Technologies Group Inc. (TSX-V: MTLO)

• Gross Proceeds: $2.4 million
• Sector: SaaS
• Units issued: 48 million
• Type: Common shares
• Price: $0.05
• Warrants: None
• Agents: Non-brokered
• Use of Proceeds: Working capital

Company breakdown:

• Micro-cap company that has developed a platform that monitors Microsoft Teams and Microsoft 365 service delivery
• Especially valuable in the post-pandemic work-from-home landscape
• Company claims it has a 90+ percent gross margin
• Shares rose half a cent following the placement to close at just 2.5 cents per share

3. Rover Metals Corp. (TSX-V: ROVR)

• Gross Proceeds: $800,000
• Sector: Lithium
• Units issued: 10 million
• Type: Special units
• Price: $0.08
• Warrants: Full; $0.12; 30 months
• Agents: Non-brokered
• Use of Proceeds: Working capital

Company breakdown:

• Lithium junior focused on the Let's Go Lithium project in Nevada
• Grab samples have returned a max of 1,218 ppm Li
• Has a 1,200-metre drill program planned on the property
• Fell half a cent to close at 9 cents per share following financing announcement