Friday's announced financing: April 14

April 17, 2023 09:58 AM PST

Here’s your roundup of Friday's sole announced equity financing, courtesy of the only database that tracks every financing, every day.

1. Sun Summit Minerals Corp. (TSX-V: SMN)

  • Gross Proceeds: $2.25 million
  • Sector: Precious metals
  • Units issued: 9.78 million; 9.78 million
  • Type: Flow-through units; special units
  • Price: $0.12; $0.11
  • Warrants: Full; $0.165; Two years
  • Agents: Non-brokered
  • Use of Proceeds: Ongoing exploration

Company breakdown:

  • Precious metals junior focused on its flagship Buck project in central British Columbia
  • Current 2,000-metre drill program on two new targets is underway
  • Highlight grades from previous drilling have included 1.07 g/t au over 109 metres and 49.6 g/t Au over 1.5 metres

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