Yesterday's announced financings: April 12

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

1. Discovery Silver Corp. (TSX-V: DSV)

• Gross Proceeds: $45 million
• Sector: Precious metals
• Units issued: 37.5 million
• Type: Common shares
• Price: $1.20
• Warrants: None
• Agents: Clarus Securities, Cormark Securities
• Use of Proceeds: Ongoing development

Company breakdown:

• Silver miner that owns what it calls "the world's largest silver deposit by reserves"
• A 2023 feasibility study estimated an possible annual production for its Cordero project in Mexico at 33Moz
• The mine has an after-tax net present value of US$1.2 billion

2. Aftermath Silver Ltd. (TSX-V: AAG)

• Gross Proceeds: $7 million
• Sector: Metals
• Units issued: 28 million
• Type: Special units
• Price: $0.25
• Warrants: Half; $0.35; Two years
• Agents: Non-brokered
• Use of Proceeds: Project studies

Company breakdown:

• Early-stage silver junior with projects in Chile and Peru
• Recently published a new NI 43-101 for its Berenguela project
• Billionaire Eric Sprott has agreed to participate in the financing

3. Ascot Resources Ltd. (TSX-V: AOT)

• Gross Proceeds: $4 million
• Sector: Precious metals
• Units issued: 5 million
• Type: Flow-through shares
• Price: $0.81
• Warrants: None
• Agents: Non-brokered
• Use of Proceeds: Flow-through expenses

Company breakdown:

• Gold miner focused on restarting the Premier gold mine in B.C.'s Golden Triangle
• Targeting first gold pour in early 2024
• Financing is subscribed by a single participant

4. Chatham Rock Phosphate Ltd. (TSX-V: NZP)

• Gross Proceeds: $3.9 million
• Sector: Phosphate
• Units issued: 30 million
• Type: Special units
• Price: $0.13
• Warrants: Full; $0.45; Three years
• Agents: Non-brokered
• Use of Proceeds: Ongoing development

Company breakdown:

• Phosphate company with a project in New Zealand
• The project has been valued at US$200-300 million
• Management holds 15 percent of the company

5. Traction Uranium Corp. (CSE: TRAC)

• Gross Proceeds: $5 million
• Sector: Uranium
• Units issued: 7.5 million; 4.44 million
• Type: Special units; Flow-through units
• Price: $0.45
• Warrants: Half; $0.55; Two years
• Agents: Non-brokered
• Use of Proceeds: Working capital

Company breakdown:

• Uranium junior with two projects in the Athabasca Basin
• Has recently been drilling at Key Lake