Yesterday's Announced Financings: February 22

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

1. Li-FT Power Ltd. (CSE: LIFT)

• Gross Proceeds: $30 million
• Sector: Lithium
• Units issued: 2.23 million
• Type: Flow-through shares
• Price: $13.45
• Warrants: None
• Agents: Canaccord Genuity
• Use of Proceeds: Flow-through expenses

Company breakdown:

• Lithium exploration company focused on projects in Canada
• One notable project is the Yellowknife project in the Northwest Territories, which it acquired late last year, with grades including 2.2% Li2O
• Shares are currently at a high price, but low volume

2. Nowvertical Group Inc. (TSX-V: NOW)

• Gross Proceeds: $5 million
• Sector: SaaS
• Units issued: 9.6 million
• Type: Special units
• Price: $0.52
• Warrants: Full; $0.80; Three years
• Agents: Beacon Securities
• Use of Proceeds: Working capital

Company breakdown:

• SaaS company that offers "Vertical Intelligence" data automation
• Includes privacy-safe data collection, consumer insights, and energy systems maintenance
• Shares have dropped 14 cents following the $5 million public offering

3. Earth Alive Clean Technologies (TSX-V: EAC)

• Gross Proceeds: $3 million
• Sector: Microbial products
• Units issued: 150 million
• Type: Special units
• Price: $0.02
• Warrants: Full; $0.05; Five years
• Agents: Non-brokered
• Use of Proceeds: Not stated

Company breakdown:

• Gold junior focused on the Sangihe project in Indonesia
• Project currently has 266,000 ounces of gold near surface, which the company hopes to use for near-term cash flow
• Sample grades go up to 42.6 g/t Au

4. Blender Bites Ltd (CSE: BITE)

• Gross Proceeds: $2 million
• Sector: CPG
• Units issued: 649,350
• Type: Special units
• Price: $3.08
• Warrants: Half; $5.50; 5 years
• Agents: Non-brokered
• Use of Proceeds: Working capital

Company breakdown:

• CPG company that offers easy plant-based smoothie prep products
• Sold at 800+ retailers
• Shares are currently trading at $3.41 per share, but with less than 1,000 daily trading volume

5. Plymouth Rock Technologies Inc. (CSE: PRT)

• Gross Proceeds: $1.5 million
• Sector: Drones
• Units issued: 30 million
• Type: Special units
• Price: $0.05
• Warrants: Full; $0.10; Three years
• Agents: Non-brokered
• Use of Proceeds: Working capital

Company breakdown:

• Drone company that offers products to defense, police, mining, and more
• Shares have dropped steeply in the middle of the market decline