Yesterday's announced financings: July 18

July 19, 2023 12:12 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. 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

You May Like