Yesterday's announced financings: July 6

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

1. West Red Lake Gold Mines Ltd. (CSE: WRLG)

• Gross Proceeds: $6 million
• Sector: Precious metals
• Units issued: 8.57 million
• Type: Flow-through shares
• Price: $0.70
• Warrants: None
• Agents: Non-brokered
• Use of Proceeds: Flow-through expenses

Company breakdown:

• Gold junior focused on the Madsen gold mine in the Red Lake district of Ontario
• Recently filed documentation to acquire the Madsen gold mine from Pure Gold Mining Inc. for $6.5 million in cash and US$6.78 million of deferred consideration
• Also recently drilled 0.5 metres of 113.74 g/t Au at its Rowan project

2. Shiny Health and Wellness Corp. (TSX-V: SNYB)

• Gross Proceeds: $2 million
• Sector: Cannabis and pharmacies
• Units issued: 4.44 million
• Type: Special units
• Price: $0.45
• Warrants: Full; $1.00; Two years
• Agents: Non-brokered
• Use of Proceeds: Working capital

Company breakdown:

• Cannabis company that pivoted to pharmacy acquisitions
• Reinstated for trading on June 30
• Lost $12.8 million in 2023

3. Teako Minerals Corp. (CSE: TMIN)

• Gross Proceeds: $1.72 million
• Sector: Precious metals
• Units issued: 12 million; 4 million
• Type: Special units; Flow-through units
• Price: $0.10; $0.13
• Warrants: Half; $0.20; Three years
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Copper, gold and silver junior with projects in British Columbia
• Recently received permits to explore its Pinnacle project

4. Zincx Resources Corp. (TSX-V: ZNX)

• Gross Proceeds: $1.72 million
• Sector: Precious metals
• Units issued: 12 million; 4 million
• Type: Special units; Flow-through units
• Price: $0.10; $0.13
• Warrants: Half; $0.20; Three years
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Copper, gold and silver junior with projects in British Columbia
• Recently received permits to explore its Pinnacle project