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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