Yesterday's Announced Financings: February 17

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

1. X-Terra Resources (TSX-V: XTT)

• Gross Proceeds: $1.5 million
• Sector: Gold and lithium
• Units issued: 2 million
• Type: Special units
• Price: $0.75
• Warrants: Full; $1.00; Two years
• Agents: Non-brokered
• Use of Proceeds: Working capital

Company breakdown:

• Mining junior split between on gold exploration in James Bay, Québec, and lithium exploration at three other properties
• Seems to be principally pivoting to lithium over the past year
• Has been expanding lithium claims, and completed a reconnaissance program at its Liberty lithium project in James Bay, Québec last November

2. GFG Resources (TSX-V: GFG)

• Gross Proceeds: $3
• Sector: Precious metals
• Units issued: 70 million
• Type: Special units; Flow-through shares
• Price: $0.13; $0.15
• Warrants: Half; $0.18; Three years
• Agents: Non-brokered
• Use of Proceeds: Working capital

Company breakdown:

• Precious metals explorer with projects in Ontario and Wyoming
• Projects are not far from majors like IAMGOLD, Newmont, Alamos, and McEwen
• Alamos Gold has agreed to purchase units to increase its position in GFG by 9.99 percent

3. City View Green Holdings (CSE: CVGR)

• Gross Proceeds: $1 million
• Sector: Cannabis
• Units issued: 66.67 million
• Type: Common shares
• Price: $0.015
• Warrants: None
• Agents: Non-brokered
• Use of Proceeds: Not stated

Company breakdown:

• Cannabis-infused edibles company
• Very limited information available online

4. Portofino Resources (TSX-V: POR)

• Gross Proceeds: $700,000
• Sector: Lithium
• Units issued: 14 million
• Type: Common shares
• Price: $0.05
• Warrants: Full; $0.075; Three years
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Lithium junior with a slate of projects in Argentina and northern Ontario
• Recently announced 2023 plans and ongoing work on all its projects
• Private placement is already fully-subscribed

5. Tevano Systems Holdings (CSE: TEVO)

• Gross Proceeds: $400,000
• Sector: Biotech
• Units issued: 4 million
• Type: Common shares
• Price: $0.10
• Warrants: Full; $0.20; Two years
• Agents: Non-brokered
• Use of Proceeds: Working capital

Company breakdown:

• Company that has developed a cloud-based fever detection and thermal scanning solution, designed for COVID-19
• Recently signed an LOI to acquire Aqua-Eo, and industrial projects and engineering company