Yesterday's announced financings: April 25

April 26, 2023 01:37 PM PST

Here’s your roundup of yesterday's announced equity financings, courtesy of PrivatePlacements.com: the only database that tracks every financing, every day.

1. Deveron Corp. (TSX-V: FARM)

  • Gross Proceeds: $5.2 million
  • Sector: Soil
  • Units issued: 16.77 million
  • Type: Common shares
  • Price: $0.31
  • Warrants: None
  • Agents: Non-brokered
  • Use of Proceeds: M&A

Company breakdown:

  • Provides soil fertility and carbon sampling services to farmers
  • Financing is actually an upsize of a financing announced April 14
  • Financial results expected April 27

2.  Baseload Energy Corp. (TSX-V: FIND)

  • Gross Proceeds: $5 million
  • Sector: Uranium
  • Units issued: 10.42 million
  • Type: Flow-through units
  • Price: $0.48
  • Warrants: Half; $0.70; Two years
  • Agents: Non-brokered
  • Use of Proceeds: Ongoing exploration

Company breakdown:

  • Uranium junior focused on projects in the Athabasca Basin
  • Recently sent a drill crew to its Catharsis project along the prolific Wollaston and Mudjatik trends, part of a 2,000 metre drill program

3. North Peak Resources Ltd. (TSX-V: NPR)

  • Gross Proceeds: $2 million
  • Sector: Precious metals
  • Units issued: 2.72 million
  • Type: Special units
  • Price: $0.88
  • Warrants: None
  • Agents: Non-brokered
  • Use of Proceeds: Acquisitions

Company breakdown:

  • Early-stage junior miner "seeking to acquire historic mining assets in North America"
  • Recently signed an LOI to acquire the Prospect Mountain mine in Nevada
  • Management team comes from Kirkland Lake Gold and Rupert Resources

4. Radius Gold Inc. (TSX-V: RDU)

  • Gross Proceeds: $1.75 million
  • Sector: Precious metals
  • Units issued: 10 million
  • Type: Special units
  • Price: $0.175
  • Warrants:  Full; $0.35; Two years
  • Agents: Non-brokered
  • Use of Proceeds: Ongoing exploration

Company breakdown:

  • Precious metals junior with projects in Guatemala and Mexico
  • Recently provided an exploration update for its Radius property, having completed geological mapping and rock chip sampling
  • Plans to start drilling within 3-4 months

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