Here's your daily roundup of all Canadian financings announced yesterday, courtesy of PrivatePlacements.com: the only database that tracks every private placement, every day.
1. New Destiny Mining Corp. (TSX-V: NED)
- Gross Proceeds: $2.3 million; $1.5 million
- Sector: Base and precious metals
- Units issued: 22.5 million; 10 million
- Type: Special units; Flow-through units
- Price: $0.10; $0.15
- Warrants: Full; $0.25; 18 months
- Agents: Non-brokered
- Use of Proceeds: Ongoing exploration
Company breakdown:
- Mining junior focused on projects in British Columbia
- Has had virtually no news at all for over a year other than private placements
- Currently experiencing extremely low volume
2. C2C Gold Corp. (CSE: CTOC)
- Gross Proceeds: $500,000
- Sector: Precious metals
- Units issued: 10 million
- Type: Special units
- Price: $0.05
- Warrants: Full; $0.10; Two years
- Agents: Non-brokered
- Use of Proceeds: Ongoing exploration
Company breakdown:
- Gold junior with projects in Newfoundland
- Samples from Dunnage property back in September returned 120 g/t gold
- Recently sold 689 mining claims to Klondike Gold Corp.
3. Carlyle Commodities Corp. (CSE: CCC)
- Gross Proceeds: $250,000
- Sector: Precious metals
- Units issued: 1 million
- Type: Special units
- Price: $0.25
- Warrants: Half; $0.375; Three years
- Agents: Non-brokered
- Use of Proceeds: Working capital
Company breakdown:
- Gold junior working on advancing the Newton project in BC
- Completed its first 1,000-metre drill hole at Newton in mid-February, though hasn't reported results yet
- Aims to update its mineral resource estimate on the property
4. Pacific GeoInfo Corp. (NEX: PGO)
- Gross Proceeds: $110,000
- Sector: Geomatic services
- Units issued: 1 million
- Type: Special units
- Price: $0.25
- Warrants: Half; $0.375; Three years
- Agents: Non-brokered
- Use of Proceeds: Acquisitions and working capital
Company breakdown:
- Dormant company that offered geomatic services for business and governments
- Financing is partly to investigate potential acquisitions to "reactivate the company"
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