Yesterday's announced financings: July 12

Here’s your roundup of yesterday's announced equity financings, courtesy of PrivatePlacements.com, the only database that tracks every financing, every day.

1. DRI Healthcare Trust (TSX: DHT)

• Gross Proceeds: $85 million
• Sector: Medical royalties
• Units issued: 8.02 million
• Type: Common shares
• Price: $10.60
• Warrants: Full; $0.075; Four years
• Agents: CIBC Capital Markets, Scotiabank, others
• Use of Proceeds: Financing royalty transactions

Company breakdown:

• Trust that invests in medical royalties
• Recently moved to acquire Vonjo royalty for US$66 million

2. Electra Battery Materials Corp. (TSX-V: ELBM)

• Gross Proceeds: $10 million
• Sector: Battery metals
• Units issued: 9.10 million
• Type: Special units
• Price: $1.10
• Warrants: Full; $1.74; Two years
• Agents: Non-brokered
• Use of Proceeds: New recycling strategy

Company breakdown:

• Company building a refinery to process copper, cobalt, nickel, lithium, and graphite 
• Recently received a commitment for a $20 million investment from Three Fires Group Inc.
• Shares of the company dropped sharply when it announced updated economics for its refinery

3. Bear Creek Mining Corp. (TSX-V: BCM)

• Gross Proceeds: $8.2 million
• Sector: Precious metals
• Units issued: 16.73 million
• Type: Common shares
• Price: $0.49
• Warrants: None
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Gold junior focused on projects in Mexico and Peru
• Recently finalized an agreement to defer a US$26 million payment to Equinox Gold for its Mercedes Mine by issuing a five-year convertible promissory note

4. CDN Copper Inc. (CSE: CCI) 

• Gross Proceeds: $1 million
• Sector: Copper
• Units issued: 8.33 million
• Type: Special units
• Price: $0.12
• Warrants: Half; $0.18; Two years
• Agents: Non-brokered
• Use of Proceeds: Acquisition

Company breakdown:

• Copper junior focused on the Bathurst mining camp in New Brunswick
• Recently also issued 3.63 million shares to strategic partner Puma Exploration