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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