Yesterday's announced financings: April 26

April 27, 2023 12:11 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. RevoluGROUP Canada Inc. (TSX-V: REVO)

  • Gross Proceeds: $12.47 million
  • Sector: Banking
  • Units issued: 43 million
  • Type: Special units
  • Price: $0.29
  • Warrants: Full; $0.40; One year
  • Agents: Non-brokered
  • Use of Proceeds: Business development

Company breakdown:

  • Licensed banker that can trade cryptocurrency and store crypto assets
  • Flagship tech is RevoluPAY, a payment app and linked Visa card
  • Recently were forced to suspend ongoing equity investment negotiations with a "suitor" due to an untenable workload for its CEO

2.  Japan Gold Corp. (TSX-V: JG)

  • Gross Proceeds: $10 million
  • Sector: Precious metals
  • Units issued: 50 million
  • Type: Common shares
  • Price: $0.20
  • Warrants: None
  • Agents: Non-brokered
  • Use of Proceeds: Ongoing exploration

Company breakdown:

  • Junior miner focused entirely on projects in Japan
  • Has a countrywide strategic alliance with Barrick
  • Six projects in Japan

3. Rivalry Corp. (TSX-V: RVLY)

  • Gross Proceeds: $10 million
  • Sector: Sports betting
  • Units issued: 6.67 million
  • Type: Subordinate voting shares
  • Price: $1.50
  • Warrants: None
  • Agents: Pinnacle
  • Use of Proceeds: Not stated

Company breakdown:

  • Sports betting company focused on esports in addition to traditional gambling
  • Company lose $31.1 million in 2022

4. Goliath Resources Ltd. (TSX-V: GOT)

  • Gross Proceeds: $8 million
  • Sector: Precious metals
  • Units issued: 8 million
  • Type: Flow-through shares
  • Price: $1.00
  • Warrants:  Half; $0.92; Two years
  • Agents: Red Cloud Securities
  • Use of Proceeds: Ongoing exploration

Company breakdown:

  • Junior miner with the Golddigger project in the Golden Triangle of British Columbia
  • Recently released petrographic study results for the project, and drilled 11 metres of 13.53 g/t AuEq

5. Awakn Life Sciences Corp. (NEO: AWKN)

  • Gross Proceeds: $3 million
  • Sector: Psychedelic therapeutics
  • Units issued: 6.52 million
  • Type: Special units
  • Price: $0.46
  • Warrants:  Three-quarters; $0.63; Five years
  • Agents: Non-brokered
  • Use of Proceeds: Not stated

Company breakdown:

  • Developing psychedelic therapeutics to treat alcohol use disorder
  • Signed an agreement with the University of Exeter for a phase III trial exploring the use of ketamine-assisted therapy to treat alcohol use disorder

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