Here’s your roundup of yesterday's announced financings, courtesy of PrivatePlacements.com: the only database that tracks every financing, every day.
1. ValOre Metals Corp. (TSX-V: VO)
- Gross Proceeds: $3.5 million
- Sector: Uranium, palladium
- Units issued: 17.5 million
- Type: Special units
- Price: $0.20
- Warrants: Half; $0.30; Two years
- Agents: Non-brokered
- Use of Proceeds: Ongoing exploration
Company breakdown:
- Uranium and palladium junior with projects in Nunavut and Brazil
- Its Angilak project in Canada has 43.3 Mlbs U3O8 in 2.83 Mt at 0.69% U3O8, its Pedra Branca project in Brazil has 2.2 Moz 2PGE+Au in 63.6 Mt at 1.08 g/t
- Recently drilled 10 metres of 2.30 g/t 2PGE+Au at Pedra
2. P2 Gold Inc. (TSX-V: PGLD)
- Gross Proceeds: 4 million
- Sector: Precious metals
- Units issued: 9.5 million
- Type: Flow-through units
- Price: $0.32
- Warrants: Full; $0.40; Two years
- Agents: Non-brokered
- Use of Proceeds: Ongoing exploration
Company breakdown:
- Precious metals junior with projects in B.C., Nevada, and Oregon
- Mineral resource estimate for its BAM project in B.C. shows 0.55 Moz gold equivalent ounces
- 12,000-14,000 metres of drilling is planned for June through September
3. Ameriwest Lithium Inc. (CSE: AWLI)
- Gross Proceeds: $2.2 million
- Sector: Lithium
- Units issued: 11 million
- Type: Special units
- Price: $0.20
- Warrants: Full; $0.25; Two years
- Agents: Non-brokered
- Use of Proceeds: Working capital
Company breakdown:
- Lithium company with projects in Nevada and Arizona
- Deer Musk East project is located within five miles of the only producing lithium mine in North America
4. Goldrea Resources Corp. (TSX-V: GOR)
- Gross Proceeds: $400,050
- Sector: Precious metals
- Units issued: 11.43 million
- Type: Special units
- Price: $0.035
- Warrants: Full; $0.06; Two years
- Agents: Non-brokered
- Use of Proceeds: Working capital
Company breakdown:
- Early-stage gold junior with projects in B.C.'s Golden Triangle
5. Tesoro Minerals Corp. (TSX-V: TES)
- Gross Proceeds: $250,000
- Sector: Precious metals
- Units issued: 7.14 million
- Type: Special units
- Price: $0.035
- Warrants: None
- Agents: Non-brokered
- Use of Proceeds: Working capital
Company breakdown:
- Pre-discovery mining junior with projects in Colombia
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