Thursday's announced financings: April 6

April 10, 2023 12:44 PM PST

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

1. Decisive Dividend Corp. (TSX: DE)

  • Gross Proceeds: $10 million (bought deal)
  • Sector: Manufacturing investing
  • Units issued: 1.7 million
  • Type: Special units
  • Price: $5.91
  • Warrants: Half; $7.09; Two years
  • Agents: Eight Capital, Cormark Securities
  • Use of Proceeds: Repayment

Company breakdown:

  • Acquires manufacturing companies with an enterprise value over $25 million with the explicit goal of providing dividends to investors
  • Brought in an adjusted EBITDA of $13.7 million in 2022
  • Has risen sharply since February, unclear exactly why

2. Steppe Gold Ltd. (TSX: STGO)

  • Gross Proceeds: $9 million
  • Sector: Precious metals
  • Units issued: 8.18 million
  • Type: Common shares
  • Price: $1.10
  • Warrants: None
  • Agents: Non-brokered
  • Use of Proceeds: Ongoing development

Company breakdown:

  • Precious metals miner focused on the producing ATO Gold Mine in Mongolia
  • Mine is currently in its initial phase, projected to produce about 60,000 ounces of gold annually
  • Currently calculating further resource estimates for other zones on the property

3. Cybeats Technologies Corp. (CSE: CYBT)

  • Gross Proceeds: $8 million
  • Sector: Cybersecurity
  • Units issued: 8 million
  • Type: Special units
  • Price: $1.00
  • Warrants: Full; $1.40; Two years
  • Agents: Non-brokered
  • Use of Proceeds: Working capital

Company breakdown:

  • Provides software to manage the security of software supply chains
  • Has also developed an IoT security platform

4. Impact Silver Corp. (TSX-V: IPT)

  • Gross Proceeds: $7 million
  • Sector: Precious metals
  • Units issued: 11.43 million
  • Type: Special units
  • Price: $0.035
  • Warrants: Full; $0.06; Two years
  • Agents: Non-brokered
  • Use of Proceeds: Working capital

Company breakdown:

  • Silver miner with projects in Mexico's Zacualpan Royal Mines district
  • Produced 632,862 ounces of silver in 2022
  • Recently signed an agreement to acquire the Plomosas zinc-lead-silver mine in Chihuahua for US$3 million

5. Hypercharge Networks Corp. (NEO: HC)

  • Gross Proceeds: $5 million
  • Sector: EV charging
  • Units issued: 4.76 million
  • Type: Special units
  • Price: $1.05
  • Warrants: Half; $1.35; Three years
  • Agents: Non-brokered
  • Use of Proceeds: Expanding operations

Company breakdown:

  • Provides smart EV charging solutions
  • Has recently been forced to release a statement about recent promotional newsletters after shares rocketed up

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