Yesterdays' announced financings: April 4

April 5, 2023 10:23 AM PST

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

1. C3 Metals Inc. (TSX-V: CCCM)

  • Gross Proceeds: $5 million
  • Sector: Precious metals
  • Units issued: 100 million
  • Type: Common shares
  • Price: $0.05
  • Warrants: None
  • Agents: Non-brokered
  • Use of Proceeds: Working capital

Company breakdown:

  • Gold and copper junior with projects in Peru and Jamaica
  • Maiden resource estimate for its Jasperoide project is expected in Q2 2023
  • Drilled 12.9 metres of 0.24% copper at its Arthurs Seat project in late March

2. Clearmind Medicine Inc. (CSE: CMND)

  • Gross Proceeds: US$3.5 million
  • Sector: Psychedelics
  • Units issued: 4.5 million
  • Type: Special units
  • Price: US$0.78
  • Warrants: Full; US$0.78; Five years
  • Agents: Aegis Capital Corp.
  • Use of Proceeds: Working capital

Company breakdown:

  • Psychedelics company that aims to develop new medicines
  • Aims to use MEAI to cure alcohol use disorder

3. Kodiak Copper Corp. (TSX-V: KDK)

  • Gross Proceeds: $6.5 million
  • Sector: Copper
  • Units issued: 1.5 million; 3.7 million; 833,333; 418,498
  • Type: Flow-through units; Special units; Flow-through units; Special units
  • Price: $1.32; $0.81
  • Warrants: Half; $1.10; Two years
  • Agents: Cormark Securities Inc.; Non-brokered
  • Use of Proceeds: Working capital

Company breakdown:

  • Gold and copper junior with projects in B.C. and Arizona
  • Announced it has moved its staff to its MPD project in B.C. for exploration
  • 25,000 metres of drilling is planned for 2023

4. ChitogenX Inc. (CSE: CHGX)

  • Gross Proceeds: $2.5 million
  • Sector: Biotech
  • Units issued: 12.5 million
  • Type: Special units
  • Price: $0.20
  • Warrants: Full; $0.35; Five years
  • Agents: Non-brokered
  • Use of Proceeds: Clinical trials

Company breakdown:

  • Biotech company that aims to use regenerative medicine to repair rotator cuff and meniscus injuries
  • Proceeds from the offering will be used for its rotator cuff tear repair phase I and II clinical trial program

5. Koios Beverage Corp. (CSE: FIT)

  • Gross Proceeds: $1.67 million
  • Sector: Supplements
  • Units issued: 33.45 million
  • Type: Special units
  • Price: $0.05
  • Warrants: Full; $0.05; Two years
  • Agents: Non-brokered
  • Use of Proceeds: Purchases

Company breakdown:

  • Company that creates brain supplement drinks
  • Shares plummeted in May 2022

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