Two 195%+ Private Placements That Just Went Free-Trading

July 5, 2021 03:20 PM PST

Source: Lutfi Taskiran, 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.

As Canada cools down (sort of), companies continue to generate tremendous returns from private placements. Here are the two most interesting newly free-trading financings for investors to know about this week.

Western Uranium & Vanadium Corp. (CSE: WUC) Term Sheet

  • Type of financing: Non-brokered
  • Gross proceeds: $2.5 million
  • Number of units: 3.13 million
  • Price per unit: $0.80
  • Closing date: 03/01/2021
  • Today's closing price (July 5): $2.59
  • Share appreciation: 223%
  • Warrants: Full
  • Strike Price: $1.20
  • Expiry date: 03/21/24
  • Net ROI w/ warrants ($100k investment): $397,500

Company breakdown:

  • Uranium and vanadium miners working to restart the Sunday Mine Complex in Colorado, with additional projects in the US
  • Sunday Mine contains an estimated 2.91 million pounds of uranium, at an average grade between 0.25-0.36%
  • Western Uranium says Sunday Mine is production-ready, permitted, and developed waiting on 
  • Shares of the company have climbed as Sunday Mine inches toward production amid a strong uranium market

GTEC Holdings LTD. (TSX-V: GTEC) Term Sheet

  • Type of financing: Non-brokered
  • Gross proceeds: $4 million
  • Number of units: 25.35 million
  • Price per unit: $0.20
  • Closing date: 02/22/21
  • Yesterday's closing price (June 28): $0.59
  • Gains: 195%
  • Warrants: Half
  • Strike Price: $0.30
  • Expiry date: 03/01/24
  • Net ROI w/ warrants ($100k investment): $267,500

Company breakdown:

  • "High-end" indoor cannabis growers and sellers
  • Shares rose aggressively after the company announced its GreenTec e-commerce store
  • Reported positive earnings in March, with $282,000 drawn from operations
  • Shares have declined since the private placement

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