Yesterday's Announced Financings: February 21

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

1. United Lithium Corp. (CSE: ULTH) 

• Gross Proceeds: $7 million
• Sector: Lithium
• Units issued: 50 million
• Type: Special units
• Price: $0.14
• Warrants: Full; $0.25; Two years
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Lithium junior focused on projects in South Dakota, Colorado, Sweden, Finland, and Canada
• Has been busy staking claims on all of the above
• Recently started a 10-hole drill program on the Kietyönmäki project in Finland

2. Sienna Resources (TSX-V: SIE)

• Gross Proceeds: $3.5 million
• Sector: Lithium and palladium
• Units issued: 70 million
• Type: Special units
• Price: $0.05
• Warrants: Full; $0.08; Five years
• Agents: Non-brokered
• Use of Proceeds: Working capital

Company breakdown:

• Lithium and palladium junior with projects in Nevada and Ontario
• Has been conducting a geophysical survey on its Marathon project in Northern Ontario
• Has approval for additional drilling at its Blue Clay project in Nevada, where it hit 1230 ppm Li in March 2022

3. Baru Gold Corp. (TSX-V: BARU)

• Gross Proceeds: $2.25 million
• Sector: Gold
• Units issued: 75 million units
• Type: Special units
• Price: $0.03
• Warrants: Full; $0.05 first year, $0.10 second year; Two years
• Agents: Non-brokered
• Use of Proceeds: Land acquisition, drilling, and working capital

Company breakdown:

• Gold junior focused on the Sangihe project in Indonesia
• Project currently has 266,000 ounces of gold near surface, which the company hopes to use for near-term cash flow
• Sample grades go up to 42.6 g/t Au

4. Origen Resources (CSE: ORGN)

• Gross Proceeds: $2 million
• Sector: Lithium and precious metals
• Units issued: 8 million
• Type: Special units
• Price: $0.25
• Warrants: Half; $0.40; 18 months
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Mining junior with an array of lithium projects, two projects on the Golden Triangle in BC, and a few other projects in Southern BC
• Seems to be most focused on the Los Sapitos lithium project in Argentina, a 27,000-hectare property which has returned 390 mg/litre Li in sampling, and the Greenfield lithium belt in Newfoundlane, for which is does not have samples
• Only 37.76 million shares currently outstanding

5. Sona Nanotech (CSE: SONA)

• Gross Proceeds: $1.1 million
• Sector: Biotech
• Units issued: 11 million
• Type: Special units
• Price: $0.10
• Warrants: None
• Agents: Non-brokered
• Use of Proceeds: Working Capital

Company breakdown:

• Biotech company with a proprietary gold nanorod tech, used for "lateral flow diagnostics" in scientific and medical applications
• Also just announced it was acquiring Siva Therapeutics, the developer of a photo thermal therapy for cancer tumors that uses Sona's tech
• Shares have been relatively flat since May