Yesterday's announced financings: March 23

March 24, 2023 10:15 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. 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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