Yesterday's announced financings: March 16

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

1. G2 Goldfields Inc. (TSX-V: GTWO)

• Gross Proceeds: $12 million (bought deal)
• Sector: Precious metals
• Units issued: 15 million
• Type: Common shares
• Price: $0.80
• Warrants: None
• Agents: Cormark Securities
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Gold junior with projects in west Africa
• Maiden resource estimate at the Oso-Aremu project from April 2022 showed 974,000 ounces of gold inferred and 220,000ounces indicated
• Recently drilled 34.7 metres of 45.4 g/t Au at Oko

2. Red Metal Resources Ltd. (CSE: RMES)

• Gross Proceeds: $500,000
• Sector: Precious metals
• Units issued: 10 million
• Type: Special units
• Price: $0.05
• Warrants: Full; $0.12; 1 year
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Gold and copper miner with projects in Chile
• Focused on the Carrizal property, which was mined in the 1820s until flooding in 1891, then was mined on a limited basis during the 1940s
• The region was once the center for Chile's copper mining industry

3. Goldcliff Resource Corp. (TSX-V: GCN)

• Gross Proceeds: $400,000
• Sector: Precious metals
• Units issued: 4 million; 4 million
• Type: Special units; Flow-through shares
• Price: $0.05; $0.06
• Warrants: Half; $0.08; Two years
• Agents: Non-brokered
• Use of Proceeds: Property payments

Company breakdown:

• Early-stage gold and silver junior with a variety of projects
• Recently acquired the Ainsworth silver property near Kaslo, BC
• Sampled 6.76 g/t Au at its Panorama Ridge project in Hedley, BC, back in February