Yesterday's announced financings: Feb. 28

March 1, 2023 01:03 PM PST

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

1. Mineral Mountain Resources Ltd. (TSX-V: MMV)

Gross Proceeds: $5 million
Sector: Precious metals
Units issued: 50 million
Type: Special units
Price: $0.10
Warrants: Full; $0.25; 1 year
Agents: Non-brokered
Use of Proceeds: Ongoing exploration

Company breakdown:

Gold junior focused on exploring the historic Homestake Mine area in South Dakota
Homestake was once North America's largest and deepest gold mine, producing 10 percent of world's total output
Undertaking a 9,000 metre drill program on its flagship Standby property

2. Mayo Lake Minerals Inc. (CSE: MLKM)

Gross Proceeds: $420,000
Sector: Precious metals
Units issued: 7 million
Type: Special units
Price: $0.06
Warrants: Full; $0.10; Three years
Agents: Non-brokered
Use of Proceeds: Working capital

Company breakdown:

Gold and silver explorer focused on projects in the Yukon
Have proposed a drill program to explore the Anderson Gold Trend in 2023
Has returned silver grades up to 3,994 grams of silver per tonne at its Carlin West project

3. Advance United Holdings Inc. (CSe: AUHI)

Gross Proceeds: $500,000
Sector: Mining tech
Units issued: 5 million; 3.6 million
Type: Special units; flow-through units
Price: $0.05; $0.07
Warrants: Full; $0.10; Five years
Agents: Non-brokered
Use of Proceeds: Working capital

Company breakdown:

Company that has designed a platform to connect property owners of mining projects with developers and producers
Also has properties that it aims to unlock value for through "the application of modern technology"
Released an update in January