Yesterday's announced financings: April 19

April 20, 2023 10:25 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. Satellos Biosciences Inc. (TSX-V: MSCL)

Gross Proceeds: $50 million
Sector: Pharmaceuticals
Units issued: 100 million
Type: Common shares
Price: $0.50
Warrants: None
Agents: Bloom Burton Securities
Use of Proceeds: Drug development

Company breakdown:

Company developing drugs to promote regeneration and repair of damaged muscle tissue
Spent $2.6 million on research and development in 2022

2. Moneta Gold Inc. (TSX: ME)

Gross Proceeds: $20 million (bought deal)
Sector: Precious metals
Units issued: 3.78 million; 10.67 million
Type: Common shares; Flow-through shares
Price: $1.06; $1.50
Warrants: None
Agents: National Bank Financial
Use of Proceeds: Working capital

Company breakdown:

Gold junior focused on the Tower project in the eastern Timmins Camp in Ontario
Recently sampled 18 metres of 1.87 g/t Au at Tower
Estimates place the project with 4.5Moz indicated and 8.3 Moz inferred

3. Zonetail Inc. (TSX-V: ZONE)

Gross Proceeds: $1.5 million
Sector: Real estate software
Units issued: 75 million
Type: Common shares
Price: $0.02
Warrants: None
Agents: Non-brokered
Use of Proceeds: Ongoing projects

Company breakdown:

Company with an app that provides localized property information alongside targeted sponsored content
Aims to be an all-in-one platform for high-rise residents to advertise products, amenities, and services

4. Nepra Foods Inc. (CSE: NPRA)

Gross Proceeds: $500,000
Sector: Plant-based foods
Units issued: 10 million
Type: Special units
Price: $0.05
Warrants: Full; $0.06; Two years
Agents: Non-brokered
Use of Proceeds: Working capital

Company breakdown:

Aims to disrupt the food industry through plant-based, environmentally friendly foods
Recently launched its high nutrition, gluten-free and allergen-free noodle line