Here’s your roundup of yesterday's announced equity financings, courtesy of PrivatePlacements.com, the only database that tracks every financing, every day.
1. Heliostar Metals Ltd. (TSX-V: HSTR)
- Gross Proceeds: $5 million
- Sector: Precious metals
- Units issued: 13.51 million
- Type: Special units
- Price: $0.37
- Warrants: Half; $0.50 then $0.70; 18 months
- Agents: Clarus Securities
- Use of Proceeds: Ongoing exploration
Company breakdown:
- Precious metals junior focused on the Ana Paula project in Guerrero, Mexico
- Recently drilled 129.2 metres of6 g/t Au at Ana Paula
2. Trigon Metals Inc. (TSX-V: TM)
- Gross Proceeds: $3 million
- Sector: Precious metals
- Units issued: 15 million
- Type: Special units
- Price: $0.20
- Warrants: Half; $0.30; Three years
- Agents: Beacon Securities Ltd.
- Use of Proceeds: Ongoing exploration
Company breakdown:
- Copper and silver explorer focused on projects in Namibia and Morocco
- Recently drilled 76 metres of 1.46% Cu and 8.9 g/t Au at its flagship Kombat project
3. Powertap Hydrogen Capital Corp. (NEO: MOVE)
- Gross Proceeds: $1.5 million
- Sector: Hydrogen production
- Units issued: 1.76 million
- Type: Special units
- Price: $0.85
- Warrants: Half; $1.15; Two years
- Agents: Non-brokered
- Use of Proceeds: Manufacturing and development
Company breakdown:
- Focused on installing hydrogen production and dispensing fuelling infrastructure in the U.S.
- Recently performed a 1:20 share rollback
4. Eminent Gold Corp. (TSX-V: EMNT)
- Gross Proceeds: $1.5 million
- Sector: Precious metals
- Units issued: 4.69 million
- Type: Special units
- Price: $0.32
- Warrants: Full; $0.50; Three years
- Agents: Non-brokered
- Use of Proceeds: Working capital
Company breakdown:
- Gold junior focused on projects in Nevada
- Lack of recent news
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