Yesterday's announced financings: June 12

June 13, 2023 03:06 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. Newcore Gold Ltd. (TSX-V: NCAU)

  • Gross Proceeds: $5 million
  • Sector: Precious metals
  • Units issued: 33.33 million
  • Type: Special units
  • Price: $0.15
  • Warrants: Half; $0.20; One year
  • Agents: Non-brokered
  • Use of Proceeds: Ongoing exploration

Company breakdown:

  • Gold explorer focused on the Enchi project in Ghana
  • Has an indicated resource of 743,500 ounces and 972,000 ounces inferred
  • Only 9 of its 25 drill targets have been tested

2. Pharmala Biotech Holdings Inc. (CSE: MDMA)

  • Gross Proceeds: $5 million
  • Sector: Biotech
  • Units issued: 16.67 million
  • Type: Special units
  • Price: $0.30
  • Warrants: Half; Two years
  • Agents: Non-brokered
  • Use of Proceeds: Increase inventory

Company breakdown:

  • Biotech company focused on R&D and manufacturing of MDMA and psilocybin
  • Recently got a US FDA OK for a clinical trial for Pharmala's investigational MDMA

3. Aranjin Resources Ltd. (TSX-V: ARJN)

  • Gross Proceeds: $5 million
  • Sector: Copper
  • Units issued: 50 million
  • Type: Special units
  • Price: $0.02
  • Warrants: Full; $0.05; Two years
  • Agents: Non-brokered
  • Use of Proceeds: Ongoing exploration

Company breakdown:

  • Copper junior focused on projects in Mongolia
  • Financing was announced in tandem with CEO Ali Haji's exit
  • Plans to drill 2,000 metres at its Victory project in 2023

4. Golden Cariboo Resources Inc. (TSX-V: GCC)

  • Gross Proceeds: $750,000
  • Sector: Precious metals
  • Units issued: 10 million
  • Type: Special units
  • Price: $0.075
  • Warrants: Full; $0.15; Five years
  • Agents: Non-brokered
  • Use of Proceeds: Ongoing exploration

Company breakdown:

  • Gold explorer focused on the Cariboo mining district in British Columbia
  • Recently provided an update on mapping data at its Quesnelle project

5. E2Gold Inc. (TSX-V: ETU)

  • Gross Proceeds: $200,000
  • Sector: Precious metals
  • Units issued: 5.71 million
  • Type: Special units
  • Price: $0.035
  • Warrants: Full; $0.07; Two years
  • Agents: Non-brokered
  • Use of Proceeds: Ongoing exploration

Company breakdown:

  • Precious metals junior with the Hawkins project in Ontario
  • Says it has recently finished mapping on the project, "bringing it to drill-ready status"

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