FinTech Reaps 988% Returns BEFORE Warrants (and Other Financings Gone Free-Trading This Week)

May 12, 2021 01:18 PM PST

Source: dencg Shutterstock.com

Note: PrivatePlacements.com has NOT received compensation from any of the companies listed below in connection with this message, nor is the writer an investor in any company listed.

Another week, another hand-picked selection of freshly free-trading financings, including an offering from another blockchain company, a rare solid performer in the oil space, and a multi-metal mining explorer on the rise from some excellent drill results.

CurrencyWorks Inc. (CSE: CWRK) Term Sheet

Type of financing: Non-brokered
Gross proceeds: $300,000
Number of units: 2.4 million
Price per unit: $0.125
Closing date: 01/07/21
Yesterday’s closing price (March 25): $1.31
Gains: 988%
Warrants: Full
Strike Price: $0.165
Expiry date: 01/07/23
Net ROI w/ warrants ($100k investment): $1.94 million

Company breakdown:

Fintech company that develops blockchain products for a variety of clients, including cryptocurrencies, fintech platforms NFTs
Rose to $4.33 per share in mid-March as cryptocurrency and decentralized finance reached a fever pitch
Has been securing financings throughout 2021
Recently announced a deal with Liquid Media Group Ltd. (Nasdaq: YVR) to develop a new "multi-token" platform, aimed at serving "the evolving needs of film, entertainment, and gaming industry professionals, and capture opportunities to conceptualize and create content once, then monetize it in perpetuity."

Cardinal Energy Ltd. (TSX: CJ) Term Sheet

Type of financing: Non-brokered
Gross proceeds: $16.24 million
Number of units: 8.12 million
Price per unit: $0.50
Closing date: 12/30/2020
Yesterday’s closing price (March 2): $3.18
Gains: 536%
Warrants: None
Net ROI w/ warrants ($100k investment): $536,000

Company breakdown:

Oil company with projects in western Canada
Lost $363 million in 2020
2020 reserves were at 99.25 million barrels of oil-equivalent

Eloro Resources (TSX-V: ELO) Term Sheet

Type of financing: Bought deal
Gross proceeds: $6.3 million
Number of units: 4.08 million
Price per unit: $1.55
Closing date: 01/05/21
Yesterday’s closing price (March 2): $4.58
Gains: 195.48%
Warrants: Half
Strike Price: $2.00
Expiry date: 01/05/23
Net ROI w/ warrants ($100k investment): $278,709

Company breakdown:

Exploration and mine development company with gold and base metals projects in Bolivia, Peru, and Quebec
Flagship property is Iska Iska in Potosi, Bolivia, where a 50,000-metre drill program is ongoing
Shares rose sharply after Eloro reported an intercept of 257.5 metres of 129.6 gold-equivalent grams per tonne (g/t AuEq) at Iska Iska
More recently, the company drilled 56.2 metres of 196 grams of gold per tonne at Iska Iska