Here’s your roundup of yesterday's announced equity financings, courtesy of PrivatePlacements.com, the only database that tracks every financing, every day.
1. Verses Technologies Inc. (NEO: VERS)
- Gross Proceeds: $20 million
- Sector: AI
- Units issued: 4.88 million
- Type: Special units
- Price: $2.05
- Warrants: Half; $2.55; Three years
- Agents: ATB Capital Markets, Canaccord Genuity
- Use of Proceeds: Business development
Company breakdown:
- AI company specializing in a network operating system for "distributed intelligence"
- Recently released the Wayfinder AI routing agent for use in networked systems like autonomous robots in warehouses
2. Reconnaissance Energy Africa Ltd. (TSX-V: RECO)
- Gross Proceeds: $6.5 million
- Sector: Oil & gas
- Units issued: 5.91 million
- Type: Special units
- Price: $1.10
- Warrants: Full; $1.35; Two years
- Agents: Non-brokered
- Use of Proceeds: Site preparation
Company breakdown:
- Oil and gas junior focused on the Kavango sedimentary basin in Namibia
- Was recently sued by a shareholder for misleading with overly optimistic disclosures
3. Golden Minerals Co. (TSX: AUMN)
- Gross Proceeds: US$2.1 million
- Sector: Precious metals
- Units issued: 1.43 million
- Type: Common shares
- Price: US$1.45
- Warrants: Full; US$1.90; Five years
- Agents: Non-brokered
- Use of Proceeds: Working capital
Company breakdown:
- Precious metals junior focused on projects in Mexico, Argentina, and Nevada
- Recently performed a 1:25 share rollback
- Plans to restart its gold mining operations at its Velardena project in Mexico
4. Real Luck Group Ltd.(TSX-V: LUCK)
- Gross Proceeds: $2.4 million
- Sector: Sports betting
- Units issued: 60 million
- Type: Special units
- Price: $0.04
- Warrants: Full; $0.08; Three years
- Agents: Non-brokered
- Use of Proceeds: Working capital
Company breakdown:
- Betting company with an online casino and gambling on esports and sports
- Has steeply declined since it provided an update on operations in late May
5. Nevada Exploration Inc. (TSX-V: NGE)
- Gross Proceeds: $1.43 million
- Sector: Precious metals
- Units issued: 13 million
- Type: Special units
- Price: $0.11
- Warrants: Full; $0.20; Three years
- Agents: Non-brokered
- Use of Proceeds: Working capital
Company breakdown:
- Gold junior trying to uncover a new Carlin-type gold deposit in Nevada
- Says it incorporates "new technology" to find deposits at depth
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