Here’s your roundup of yesterday's announced equity financings, courtesy of PrivatePlacements.com, the only database that tracks every financing, every day.
1. I-80 Gold Corp. (TSX: IAU)
- Gross Proceeds: $32 million
- Sector: Precious metals
- Units issued: 11.85 million
- Type: Special units
- Price: $2.70
- Warrants: None
- Agents: CIBC Capital Markets
- Use of Proceeds: Ongoing exploration
Company breakdown:
- Gold company working to develop projects in Nevada to become a mid-tier gold producer
- Says the proceeds will be used to exploration, development, and ramp-up at its Ruby Hill project
- Recently drilled 29.3 metres of 18.9 g/t Au
2. Legend Power Systems Inc. (TSX-V: LPS)
- Gross Proceeds: $3 million
Sector: Energy management
Units issued: 16.67 million
Type: Special units
Price: $0.18
Warrants: Full; $0.25; Two years
Agents: Non-brokered
Use of Proceeds: Working capital
Company breakdown:
- Company that manages an "intelligent energy management platform" for buildings
3. Copper Fox Metals Inc. (TSX-V: CUU)
- Gross Proceeds: $2 million
- Sector: Copper
- Units issued: 8 million
- Type: Special units
- Price: $0.25
- Warrants: Full; $0.35; One year
- Agents: National Bank Financial
- Use of Proceeds: Ongoing exploration
Company breakdown:
- Copper junior focused on project in North America
- Recently began drilling its Schaft Creek project in British Columbia
- Announced its cash was at $928,641 in June
4. Adyton Resources Corp. (TSX-V: ADY)
- Gross Proceeds: $1.39 million
- Sector: Precious metals
- Units issued: 104.76 million
- Type: Common shares
- Price: $1.33
- Warrants: None
- Agents: Non-brokered
- Use of Proceeds: Corporate costs
Company breakdown:
- Gold and copper junior focused on projects in Papua New Guinea
- Its Feni Island project has an inferred resource of 1.46 million ounces of gold
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