Yesterday's announced financings: April 27

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

1. Argonaut Gold Inc. (TSX: AR)

• Gross Proceeds: $17.5 million (bought deal)
• Sector: Precious metals
• Units issued: 6.61 million; 18.67 million
• Type: Flow-through shares
• Price: $0.756; $0.67
• Warrants: None
• Agents: Scotiabank, Cormark Securities
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Mining company focused on building the Magino mine project in Ontario
• Project contains 4.02 million ounces of gold measured and indicated
• Recently sold its Ana Paula project for $10 million

2.  Defense Metals Corp. (TSX-V: DEFN)

• Gross Proceeds: $12.5 million
• Sector: Rare earth metals
• Units issued: 22.37 million
• Type: Common shares
• Price: $0.26
• Warrants: None
• Agents: Non-brokered
• Use of Proceeds: Prefeasibility study

Company breakdown:

• Rare earths miner with a focus on the Wicheeda project in British Columbia
• Proceeds will be used to complete work related to an upcoming prefeasibility study and for exploration

3. Delta Resources Ltd. (TSX-V: DLTA)

• Gross Proceeds: $8 million
• Sector: Precious metals
• Units issued: 7.14; 7.78 million
• Type: Flow-through units; Special units
• Price: $0.63; $0.45
• Warrants: Half; $0.63; Two years
• Agents: Cormark Securities
• Use of Proceeds: Working capital

Company breakdown:

• Junior miner with projects in the Chibougamau district of Quebec and the Thunder Bay district of Ontario
• Recently drilled 89.7 metres of 1.15 grams per tonne gold at its Delta-1 project
• At current estimates, contains 4.17 Moz gold

4. Timberline Resources Corp. (TSX-V: TBR)

• Gross Proceeds: US$3 million
• Sector: Precious metals
• Units issued: 37.5 million
• Type: Special units
• Price: US$0.08
• Warrants:  Half; $0.12; Three years
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Junior exploration company with projects in Nevada
• Flagship project is Eureka, which has a resource of 500,000+ ounces of gold, which the company aims to expand
• Project produced somewhere around 129,000 ounces of gold back in the '70s and '80s

5. Beyond Minerals Inc. (CSE: BY)

• Gross Proceeds: $2 million
• Sector: Lithium
• Units issued: 4 million
• Type: Flow-through shares
• Price: $0.50
• Warrants: None
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Lithium junior focused on projects in Ontario
• Says it has the "largest greenfield lithium land position in Ontario"
• Changing its name to Beyond Lithium