Here’s your roundup of yesterday's announced financings, courtesy of PrivatePlacements.com: the only database that tracks every financing, every day.
1. Highgold Mining Inc. (TSX-V: HIGH)
- Gross Proceeds: $7 million
- Sector: Precious metals
- Units issued: 10.61 million
- Type: Common shares
- Price: $0.66
- Warrants: None
- Agents: Non-brokered
- Use of Proceeds: Ongoing exploration
Company breakdown:
- Junior gold explorer with projects in Alaska, Ontario, and the Yukon
- Recently entered into an agreement with its subsidiary Onyx Gold Corp. to spin out its Ontario and Yukon properties
- Its Johnson Tract project has an indicated 1.05 Moz at 9.4 g/t AuEq
2. Tudor Gold Corp. (TSX-V: TUD)
- Gross Proceeds: $16 million (bought deal)
- Sector: Precious metals
- Units issued: 3.47 million; 3.47 million
- Type: Flow-through units; flow-through units
- Price: $1.28; $1.60
- Warrants: Half; $1.60; Two years
- Agents: Red Cloud Securities Inc., Roth Canada ULC
- Use of Proceeds: Flow-through expenses
Company breakdown:
- Gold junior with the Goldstorm project in British Columbia's Golden Triangle
- Has an indicated resource of 23.4 Moz at 1.13 g/t AuEq and an inferred resource of 7.4 Moz at 0.98 g/t Au
- Financing is subscribed in part by Eric Sprott
3. Goldshore Resources Inc. (TSX-V: GSHR)
- Gross Proceeds: $5 million
- Sector: Precious metals
- Units issued: 13.70 million; 13.70 million
- Type: Special units; flow-through units
- Price: $0.17; $0.195
- Warrants: Half; $0.25; Two years
- Agents: Research Capital Corp., Eventus Capital Corp.
- Use of Proceeds: Working capital
Company breakdown:
- Junior gold company focused on the Moss Lake project in Ontario
- Has an inferred mineral resource estimate of 4.17Moz Au
- Recently drilled 15.65 metres of 5.64 g/t Au at Moss Lake
4. Copaur Minerals Inc. (TSX-V: CPAU)
- Gross Proceeds: $2 million
- Sector: Precious metals
- Units issued: 4 million
- Type: Special units
- Price: $0.50
- Warrants: Half; $0.75; Two years
- Agents: Non-brokered
- Use of Proceeds: Working capital
Company breakdown:
- Junior gold company with projects in Nevada
- In tandem with the financing, the company announced a drill program for its Kinsley project
- Kinsley's current resource is 418,000 indicated ounces at 2.63 g/t Au and 117,000 inferred ounces at 1.51 g/t Au
5. DLP Resources Ltd. (TSX-V: DLP)
- Gross Proceeds: $1.5 million
- Sector: Base metals
- Units issued: 3.75 million
- Type: Flow-through shares
- Price: $0.40
- Warrants: None
- Agents: Non-brokered
- Use of Proceeds: Ongoing exploration
Company breakdown:
- Base metals junior with projects in British Columbia and Peru
- Recently drilled 12.74 metres of 384.36 ppm copper at its Hungry Creek project
- Last completed a private placement in February
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