Yesterday's announced financings: Feb. 27

February 28, 2023 09:10 AM PST

Here's your daily roundup of the five biggest Canadian financings announced yesterday, courtesy of PrivatePlacements.com: the only database that tracks every private placement, every day.

1. Orezone Gold Corp. (TSX: ORE)

  • Gross Proceeds: $16.5 million
  • Sector: Precious metals
  • Units issued: 13 million
  • Type: Common shares
  • Price: $1.27
  • Warrants: None
  • Agents: Non-brokered
  • Use of Proceeds: Project development

Company breakdown:

  • Mid-stage gold company operating the pit Bomboré mine in Burkina Faso
  • Currently undertaking a 77,000 metre infill and expansion drill program
  • Financing was arranged with "a large, and well-established, institutional fund."

2. US Critical Metals Corp. (TSX-V: USCM)

  • Gross Proceeds: $3.5 million
  • Sector: Battery metals
  • Units issued: 10 million
  • Type: Special units
  • Price: $0.35
  • Warrants: Full; $0.50; Three years
  • Agents: Echelon Wealth Partners
  • Use of Proceeds: Ongoing exploration

Company breakdown:

  • Metals company with projects in Montana, Nevada, and Idaho
  • Recently sampled 17.13% rare earth elements at its Sheep Creek project in Montana
  • Acquired a 70% interest in a uranium and vanadium project in Idaho in December

3. EMP Metals Corp. (CSE: EMPS)

  • Gross Proceeds: $3 million
  • Sector: Lithium
  • Units issued: 5 million
  • Type: Special units
  • Price: $0.60
  • Warrants: Full; $0.90; 18 months
  • Agents: Echelon Capital Markets
  • Use of Proceeds: Various work programs

Company breakdown:

  • Lithium junior miner focused on large-scale direct lithium extraction projects in North America
  • Recently tested up to 259 mg/L at its Viewfield project in Saskatchewan
  • Shares have been on the rise since December

4. Viva Gold Corp. (TSX-V: VAU)

  • Gross Proceeds: $3 million
  • Sector: Precious metals
  • Units issued: 21.4 million
  • Type: Special units
  • Price: $0.14
  • Warrants: Full; $0.23; Three years
  • Agents: Non-brokered
  • Use of Proceeds: Ongoing exploration

Company breakdown:

  • Gold company exploring the Tonopah project in Nevada
  • Shares more than doubled in mid-November after the company hit at 58 metre interval of five grams of gold per tonne at Tonopah
  • Follow-up results have been similar

5. Firefox Gold Corp. (TSX-V: FFOX)

  • Gross Proceeds: $2.5 million
  • Sector: Precious metals
  • Units issued: 25 million
  • Type: Special units
  • Price: $0.10
  • Warrants: Full; $0.15; Two years
  • Agents: Non-brokered
  • Use of Proceeds: Ongoing exploration

Company breakdown:

  • Gold explorer focused exclusively on projects in Finland
  • Recently drilled 13.05 metres of 15.04 g/t Au at its Mustajarvi project
  • Grab sampled 33.6 g/t Au at its Jeesiö project

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