Yesterday's announced financings: June 22

June 23, 2023 01:16 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. 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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