Yesterday's announced financings: April 20

April 21, 2023 02:36 PM 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. GoviEx Uranium Ltd. (CSE: GXU)

  • Gross Proceeds:  $15 million (bought deal)
  • Sector: Uranium
  • Units issued:  85.71 million
  • Type: Special units
  • Price: $0.175
  • Warrants: Full; $0.25; Two years
  • Agents: Eight Capital; Sprott Capital Partners
  • Use of Proceeds: Ongoing exploration

Company breakdown:

  • Uranium junior focused on projects in Africa
  • Its Madaouela project has been pegged with 100 Mlbs of U3O8 measured and indicated and an additional 20 Mlbs inferred
  • Recently sold its Falea project to African Energy Inc. for $5.5 million

2. The Fresh Factory BC Ltd. (CSE: FRSH)

  • Gross Proceeds: US$1 million
  • Sector: CPG
  • Units issued: 16,667
  • Type: Proportional voting shares
  • Price: US$60.00
  • Warrants: None
  • Agents: Non-brokered
  • Use of Proceeds: Working capital

Company breakdown:

  • CPG company focused on food and beverage
  • Trying to build a vertically-integrated platform for healthy foods

3. Global Hemp Group Inc. (CSE: GHG)

  • Gross Proceeds: $1 million
  • Sector: Hemp
  • Units issued: 100 million
  • Type: Special units
  • Price: $0.01
  • Warrants: Full; $0.05; Three years
  • Agents: EMD Financial Inc. 
  • Use of Proceeds: Working capital

Company breakdown:

  • Company developing sustainable hemp products
  • Initially its R&D team is focusing on construction materials, nanofertilizers, and better hemp extraction

4. Hemlo Explorers Inc. 

  • Gross Proceeds: $1.2 million
  • Sector: Precious metals
  • Units issued: 8 million; 6.67 million
  • Type: Special units; Flow-through units
  • Price: $0.075
  • Warrants: Full; $0.15; 18 months
  • Agents: Non-brokered
  • Use of Proceeds: Ongoing exploration

Company breakdown:

  • Early-stage junior miner with projects in Ontario
  • Recently identified anomalous copper and palladium at its Project Idaho

5. Tru Precious Metals Corp. (TSX-V: TRU) 

  • Gross Proceeds: $500,000
  • Sector: Precious metals
  • Units issued: 10 million
  • Type: Special units
  • Price: $0.05
  • Warrants: Full; $0.075    ; Three years
  • Agents: Non-brokered    
  • Use of Proceeds: Drilling

Company breakdown:

  • Copper and gold junior with projects in Newfoundland
  • Financing is to fund drilling at its Mark's Pond target area at its Golden Rose project

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