Yesterday's announced financings: July 17

July 18, 2023 02:50 PM PST

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

1. NexTech AR Solutions Corp. (CSE: NTAR)

Gross Proceeds: $3 million
Sector: Augmented reality
Units issued: 7.14 million
Type: Special units
Price: $0.42
Warrants: Full; $0.52; Three years
Agents: Research Capital Corp.
Use of Proceeds: Working capital

Company breakdown:

Augmented reality company that uses AI to generate "metaverse" content
Says it recently entered the gaming and manufacturing markets

2. Yerbae Brands Corp. (TSX-V: YERB)

Gross Proceeds: US$5 million
Sector: Energy drinks
Units issued: 2.73 million
Type: Special units
Price: US$1.83
Warrants: Full; $2.15; Two years
Agents: Non-brokered
Use of Proceeds: Increased production

Company breakdown:

Zero calorie plant-based energy drink manufacturer
CFO recently resigned
Chalked up record sales during the recent Prime Day

3. Nighthawk Gold Corp. (TSX: NHK)

Gross Proceeds: $10.59 million (bought deal)
Sector: Precious metals
Units issued: 11.25 million; 13.25 million
Type: Common shares; Flow-through shares
Price: $0.40; $0.46
Warrants: None
Agents: National Bank Financial
Use of Proceeds: Working capital

Company breakdown:

Gold exploration company focused on the Colomac project near Yellowknife
Recently filed an NI 43-101 for Colomac

4. BYND Cannasoft Enterprises Inc. (CSE: BYND)

Gross Proceeds: US$2.6 million
Sector: Cannabis
Units issued: 1.73 million
Type: Common shares
Price: US$1.50
Warrants: None
Agents: Aegis Capital
Use of Proceeds: Working capital

Company breakdown:

Israeli software and cannabis company
Recently completed lab testing of its EZ-G device, which uses AI and machine learning to release low concentrations of cannabidiol oils