Yesterday's announced financings: June 28

June 29, 2023 01:25 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. 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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