Huge Returns From These 3 Freshly Free-Trading Financings

June 29, 2021 07:01 AM PST

Source: Panayot Savov, 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.

On this blisteringly hot week in Vancouver (and many other places along the west coast), we bring you three resource-focused private placements that recently went free-trading with tremendous returns. Read on for a quick overview of each.

Emerita Resources Corp. (TSX-V: EMO) Term Sheet

  • Type of financing: Non-brokered
  • Gross proceeds: $3 million
  • Number of units: 13.64 million
  • Price per unit: $0.22
  • Closing date: 02/23/21
  • Yesterday's closing price (June 28): $1.32
  • Gains: 500%
  • Warrants: Half
  • Strike Price: $0.30
  • Expiry date: 02/23/23
  • Net ROI w/ warrants ($100k investment): $731,818

Company breakdown:

  • Zinc explorer with projects that owns the Plaza Norte project in Spain
  • Financing above was entirely subscribed by billionaire mining investor Eric Sprott
  • Just announced a $16 million bought deal
  • Shares have been on the rise since late April after the company began preparing to drill the project's Iberia Belt West

Canadian Metals Inc. (CSE: CME) Term Sheet

  • Type of financing: Non-brokered
  • Gross proceeds: $2 million
  • Number of units: 25.35 million
  • Price per unit: $0.08
  • Closing date: 02/22/21
  • Yesterday's closing price (June 28): $0.30
  • Gains: 275%
  • Warrants: Half
  • Strike Price: $0.15
  • Expiry date: 02/22/23
  • Net ROI w/ warrants ($100k investment): $368,750

Company breakdown:

  • Junior multi-resource company
  • Plans to spin out its Lac La Chesnaye property in Quebec
  • Hasn't seen much news in 2021
  • Shares began to rise in the lead-up to the closing of the private placement, have been up and down since

Gold Mountain Mining Corp. (TSX-V: GMTN)

  • Type of financing: Bought deal
  • Gross proceeds: $10 million
  • Number of units: 10.31 million
  • Price per unit: $0.97
  • Closing date: 02/23/21
  • Yesterday’s closing price (June 28): $2.14
  • Gains: 306%
  • Warrants: Half
  • Strike Price: $1.25
  • Expiry date: 02/23/24
  • Net ROI w/ warrants ($100k investment): $166,49

Company breakdown:

  • Mid-stage junior mining company that owns the Elk project in British Columbia
  • Project has a total of 63 million ounces of gold measured, 589,000 ounces indicated, and 159,000 inferred based on a resource estimate released in May
  • Just closed another $12 million bought deal
  • Shares have been climbing all year, but jumped in particular after the company drilled 1.42 metres of 37 g/t Au in April

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