Yesterday's announced financings: June 27

June 28, 2023 03:49 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. 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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