Here’s your roundup of yesterday's announced financings, courtesy of PrivatePlacements.com: the only database that tracks every financing, every day.
1. Aloro Mining Corp. (TSX-V: AORO)
- Gross Proceeds: $500,000
- Sector: Precious metals
- Units issued: 10 million
- Type: Special units
- Price: $0.05
- Warrants: Full; $0.15; Two years
- Agents: Non-brokered
- Use of Proceeds: Ongoing exploration
Company breakdown:
- Gold junior with projects in Sonora, Mexico
- Recently acquired the Quitovac Mine project, a historic mine located on the Mojave-Sonora megashear, a region which produced much of Mexico's recent gold production
- Four previous drill campaigns drilled 12,450 metres at Quitovac between 1987 and 1990
2. Thunderstruck Resources Ltd. (TSX-V: AWE)
- Gross Proceeds: $3.5 million
- Sector: Metals
- Units issued: 50 million
- Type: Special units
- Price: $0.07
- Warrants: Half; $0.15; Three years
- Agents: Non-brokered
- Use of Proceeds: Ongoing exploration
Company breakdown:
- Multi-metal junior focused on projects in Fiji
- Rock float samples at its Liwa project have returned 11.1 grams of gold per tonne (g/t Au) and 8.5 g/t Au
- Company began a 1,500 metre drill program on Liwa in September, though we haven't seen results yet
3. Scryb Inc. (CSE: SCYB)
- Gross Proceeds: $5 million
- Sector: AIaas
- Units issued: 50 million
- Type: Special units
- Price: $0.125
- Warrants: Full; $0.15; 18 months
- Agents: Non-brokered
- Use of Proceeds: Working capital
Company breakdown:
- AI-as-a-service company that builds sensor technology, IoT, predictive analysis, and machine vision tech
- Main platform seems to be Cybeats, a software supply chain security program
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