Yesterday's announced financings: July 25

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

1. Euro Sun Mining Inc. (TSX-V: ESM)

• Gross Proceeds: $5 million
• Sector: Precious metals
• Units issued: 100 million
• Type: Common shares
• Price: $0.05
• Warrants: None
• Agents: Non-brokered
• Use of Proceeds: Debt repayment

Company breakdown:

• Precious metals miner focused on the Rovina Valley project in Romania
• Resource of Rovina holds about 7 million ounces of gold and 1.4 billion pounds of copper
• Has a hearing about the suspension of its environmental license on Sept. 29

2. Volt Lithium Corp. (TSX-V: VLT)

• Gross Proceeds: $6 million
• Sector: Lithium
• Units issued: 13.04 million; 13.04 million
• Type: Flow-through units; Special units
• Price: $0.24; $0.22
• Warrants: Half; $0.33; Two years
• Agents: Canaccord Genuity
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Lithium tech company trying to be the first commercial producer of LHM and lithium carbonates from oilfield brine
• Recently filed a prospectus to raise $100 million
• Collaborating with two University of Alberta research labs

3. Western Gold Exploration Ltd. (TSX-V: WGLD)

• Gross Proceeds: $2 million
• Sector: Precious metals
• Units issued: 16.67 million
• Type: Common shares
• Price: $0.12
• Warrants: None
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Gold junior with projects in Scotland
• Lack of recent news or trade volume