Yesterday's announced financings: April 18

April 19, 2023 11:10 AM PST

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

1. F3 Uranium Corp. (TSX-V: FUU)

  • Gross Proceeds: $8 million; $2 million
  • Sector: Uranium
  • Units issued: 17.02 million; 4.26 million
  • Type: Flow-through units; Flow-through units
  • Price: $0.47; $0.47
  • Warrants: Full; $0.165; Two years
  • Agents: Red Cloud Securities; Non-brokered
  • Use of Proceeds: Ongoing exploration

Company breakdown:

  • Uranium company exploring the JR zone discovery on the PLN property
  • Drill highlights include 15 metres of 6.97% U3O8
  • Team has been involved in the discovery of Fission Uranium's Triple R deposit and the J Zone at Waterbury

2. Mayfair Gold Corp. (TSX-V: MFG)

  • Gross Proceeds: $6 million
  • Sector: Precious metals
  • Units issued: 2.42 million
  • Type: Flow-through units
  • Price: $2.48
  • Warrants: None
  • Agents: Non-brokered
  • Use of Proceeds: Ongoing exploration

Company breakdown:

  • Gold exploration company focused on the Fenn-Gib project in Ontario
  • Recently drilled 1.25 g/t Au over 119.6 metres
  • Many other recent intervals show the same wide, open-pit style mineralization

3. Scout Minerals Corp. (CSE: SCTM)

  • Gross Proceeds: $8 million
  • Sector: Lithium
  • Units issued: 2.31 million; 2.5 million
  • Type: Superflow-through subscription receipts; flow-through subscription receipts
  • Price: $0.65; $0.60
  • Warrants: Half; $0.85; Two years
  • Agents: Non-brokered
  • Use of Proceeds: Ongoing exploration

Company breakdown:

  • New lithium company focused on exploring Nunavik in Quebec
  • Acquired a land position on April 13, with plans to drill priority targets over the coming months

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