Friday's announced financings: March 31

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

1. Hillcrest Energy Technologies, Ltd. (CSE: HEAT)

• Gross Proceeds: $2 million
• Sector: Energy technology
• Units issued: 25 million
• Type: Special units
• Price: $0.08
• Warrants: Full; $0.15; Two years    
• Agents: Non-brokered
• Use of Proceeds: Tech development

Company breakdown:

• Technology company centered around its proprietary implementation of Zero Volt Switching, which aims to improve efficiency in electric systems, including vehicles
• Provided an update on its optimized traction inverter prototype recently, as well as a joint development project for a powertrain system that would use its inverter

2. Visible Gold Mines Inc. (TSX-V: VGD)

• Gross Proceeds: $150,000
• Sector: Precious metals
• Units issued: 1.25 million
• Type: Special units
• Price: $0.12
• Warrants: Full; $0.17; Two years
• Agents: Non-brokered
• Use of Proceeds: Working capital

Company breakdown:

• Gold junior with projects in Quebec
• Financing was with two subscribers—CEO Martin Dallard is taking half