Yesterday's announced financings: March 20

March 21, 2023 08:48 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. 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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