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
Recent Articles
May 2, 2024
May 1, 2024
Apr 18, 2024