Here’s your roundup of yesterday's announced equity financings, courtesy of PrivatePlacements.com, the only database that tracks every financing, every day.
1. Middlefield Capital Corp. (TSX: RS)
- Gross Proceeds: $10.3 million
- Sector: Investments
- Units issued: 436,440; 436,440
- Type: Class A shares; Preferred shares
- Price: $14.25; $9.35
- Warrants: None
- Agents: CIBC Capital Markets, others
- Use of Proceeds: Not stated
Company breakdown:
- Company "designed to provide investors with a diversified, actively managed, high-conviction portfolio comprising securities of leading North American real estate companies"
2. Enduro Metals Corp. (TSX-V: ENDR)
- Gross Proceeds: $3 million
- Sector: Precious metals
- Units issued: 37.5 million
- Type: Special units
- Price: $0.08
- Warrants: Half; $0.12; Two years
- Agents: Non-brokered
- Use of Proceeds: Ongoing exploration
Company breakdown:
- Gold exploration junior focused on the Newmont Lake project in British Columbia's "Golden Triangle"
- Sampled 4.08% copper and 57.83 g/t Au at the project back in April
3. Rugby Resources Ltd. (TSX-V: RUG)
- Gross Proceeds: $1 million
- Sector: Precious metals
- Units issued: 20 million
- Type: Special units
- Price: $0.05
- Warrants: Full; $0.15; Two years
- Agents: Non-brokered
- Use of Proceeds: Ongoing exploration
Company breakdown:
- Junior miner with projects across South America
- Recently provided an exploration update on its Venidero project in Argentina
- Also recently received a drill permit for its El Zanjon project
4. Ocumetics Technology Corp. (TSX-V: OTC)
- Gross Proceeds: $1 million
- Sector: Adaptive lens designs
- Units issued: 3.33 million
- Type: Special units
- Price: $0.30
- Warrants: Half; $0.60; Two years
- Agents: Non-brokered
- Use of Proceeds: R&D
Company breakdown:
- Research and product development company working on adaptive lens designs for the ophthalmic industry
- Aims to eliminate the need for corrective lenses
- Recently completed biocompatibility and animal studies for its lens design
5. ISM Resources Corp. (CSE: ISM)
- Gross Proceeds: $1 million
- Sector: Metals
- Units issued: 3.33 million
- Type: Special units
- Price: $0.30
- Warrants: Full; $0.60; Two years
- Agents: Non-brokered
- Use of Proceeds: Ongoing exploration
Company breakdown:
- Exploration junior with projects in North America
- Plans to begin a geochemical survey of its ESN project in Quebec
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