Yesterday's announced financings: July 20

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

1. NGEx Minerals Ltd. (TSX-V: NGEX)

• Gross Proceeds: $85 million
• Sector: Precious metals
• Units issued: 13.08 million
• Type: Common shares
• Price: $6.50
• Warrants: None
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Copper and gold exploration company focused on the Los Helados in Chile
• Increased the financing from $40 to $85 million today
• Recently drilled 160 metres of 0.82% of copper-equivalent at Los Helados

2. Guanajuato Silver Co. Ltd. (TSX-V: GSVR)

• Gross Proceeds: $8.01 million (bought deal)
• Sector: Precious metals
• Units issued: 22.25 million
• Type: Special units
• Price: $0.36
• Warrants: Full; $0.55; 18 months
• Agents: Cantor Fitzgerald Canada Corp.
• Use of Proceeds: Working capital

Company breakdown:

• Silver and gold company focused on projects in Mexico
• Produced 941,338 silver-equivalent ounces in Q2 2023

3. Solar Alliance Energy Inc. (TSX-V: SOLR)

• Gross Proceeds: $2 million
• Sector: Solar
• Units issued: 25 million
• Type: Special units
• Price: $0.08
• Warrants: Full; $0.12; Three years
• Agents: Research Capital Corp.
• Use of Proceeds: Working capital

Company breakdown:

• Solar provider that manages engineering, procurement, and construction of projects
• Has a $6.6 million backlog of contracted projects from the first half of 2023

4. Bravada Gold Corp. (TSX-V: BVA)

• Gross Proceeds: $1.2 million
• Sector: Precious metals
• Units issued: 24 million
• Type: Special units
• Price: $0.05
• Warrants: Half; $0.10; Three years
• Agents: Non-brokered
• Use of Proceeds: Drilling

Company breakdown:

• Gold junior with projects in Nevada
• Recently optioned its Baxter project to Endeavour Silver

5. Norsemont Mining Inc. (CSE: NOM)

• Gross Proceeds: $1 million
• Sector: Precious metals
• Units issued: 5 million
• Type: Special units
• Price: $0.20
• Warrants: Half; $0.30; Two years
• Agents: Non-brokered
• Use of Proceeds: Working capital

Company breakdown:

• Precious metals junior with the Choquelimpie project in Chile
• Drilled 61 metres of 0.47 g/t Au in April