Daily Announced Financings: February 15

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. Callinex Mines Inc. (TSX-V: CNX)

• Gross Proceeds: $7 million
• Sector: Precious metals
• Units issued: 793,651; 793,651
• Type: Special units; Flow-through units
• Price: $3.15; $5.67
• Warrants: Half; $3.15 or $5.67; Two years
• Agents: Research Capital Corporation
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Junior miner exploring two copper, gold, zinc, and silver deposits in the Flin Flon mining district in Manitoba
• Its management team is credited with three of the four largest mines in the Flin Flon district's history
• Shares of the company have climbed across February, possibly in anticipation of an upcoming maiden resource estimate on Callinex's Rainbow project

2. Liquid Avatar Technologies Inc. (CSE: LQID)

• Gross Proceeds: $1 million
• Sector: SaaS
• Units issued: 48 million
• Type: Special units
• Price: $0.03
• Warrants: Full; $0.05; Two years
• Agents: Non-brokered
• Use of Proceeds: Working capital

Company breakdown:

• Micro-cap SaaS company that has created a digital ID platform that provides "secure management, control and support of personal credentials"
• Company focuses on blockchain digital identity products, aiming to provide personal verification tools for a supposed, decentralized "Web 3.0"
• Shares have plummeted as NFTs and crypto have collapsed