Yesterday's announced financings: March 14

March 15, 2023 11:38 AM PST

Here’s your roundup of yesterday's announced financings, courtesy of PrivatePlacements.com: the only database that tracks every financing, every day.

1. Snowline Gold Corp. (CSE: SGD)

  • Gross Proceeds: $19.16 million
  • Sector: Precious metals
  • Units issued: 3.94 million
  • Type: Flow-through shares
  • Price: $4.862
  • Warrants: None
  • Agents: Non-brokered
  • Use of Proceeds: Flow-through expenses

Company breakdown:

  • Junior miner with projects in the Yukon
  • Financing is fully subscribed by B2Gold
  • The company controls over 72,000 hectares across the Selwyn Basin

2. Klondike Gold Corp. (TSX-V: KG)

  • Gross Proceeds: $3 million
  • Sector: Precious metals
  • Units issued: 14.29 million; 17.39 million
  • Type: Special units; Flow-through units
  • Price: $0.105; $0.115
  • Warrants: Full; $0.20; Two years
  • Agents: Non-brokered
  • Use of Proceeds: Ongoing exploration

Company breakdown:

  • Junior exploration company focused on projects around Dawson City, Yukon
  • Recently drilled 0.60 grams of gold per tonne over 27.85 metres
  • Maiden resource estimate showed 580,000 pit-constrained ounces

3. Zimtu Capital Corp. (TSX-V: ZC)

  • Gross Proceeds: $1.5 million
  • Sector: Resource company seeding
  • Units issued: 18.75 million
  • Type: Special units
  • Price: $0.08
  • Warrants: Full; $0.10; Three years
  • Agents: Non-brokered
  • Use of Proceeds: Investments

Company breakdown:

  • Investment issuer and company builder focused on private small-cap resource companies
  • Also acquires mineral properties and sells them to resource companies

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