Yesterday's announced financings: March 27

March 28, 2023 11:36 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. QC Copper and Gold Inc. (TSX-V: QCCU)

  • Gross Proceeds: $1.6 million 
  • Sector: Copper
  • Units issued: 11.43 million
  • Type: Common shares
  • Price: $0.14
  • Warrants: None
  • Agents: Non-brokered
  • Use of Proceeds: Not stated

Company breakdown:

  • Early-stage copper junior focused on projects in the Chapais-Chibougamau region of Quebec
  • Released a 2021 maiden resource estimate consisting of 81.7M tonnes at 0.88% CuEq

2. Cloud Nine Web3 Technologies Inc. (CSE: CNI)

  • Gross Proceeds: $1 million
  • Sector: Web3
  • Units issued: 20 million
  • Type: Special units
  • Price: $0.05
  • Warrants: Full; $0.06; Five years
  • Agents: Non-brokered
  • Use of Proceeds: Software development and marketing

Company breakdown:

  • Software company developing products for a decentralized web, including a VPN
  • Almost no news in 2023

3. Khiron Life Sciences Corp. (TSX-V: KHRN)

  • Gross Proceeds: $600,000
  • Sector: Cannabis pharmaceuticals
  • Units issued: 12 million
  • Type: Special units
  • Price: $0.05
  • Warrants: Full; $0.08; Two years
  • Agents: Canaccord Genuity
  • Use of Proceeds: Working capital

Company breakdown:

  • Global cannabis life sciences company, focused primarily on South America
  • Has a production facility in Colombia
  • Began dispensing prescriptions in Colombia in January

4. Lake Winn Resources Corp. (TSX-V: LWR)

  • Gross Proceeds: $250,000
  • Sector: Lithium
  • Units issued: 4.2 million
  • Type: Special units
  • Price: $0.06
  • Warrants: Full; $0.09; One year
  • Agents: Non-brokered
  • Use of Proceeds: Working capital

Company breakdown:

  • Early-stage junior focused on the Little Nahanni project in the Northwest Territories
  • Historical drill core from 2016 returned grades of up to 3.10% Li2O

5. The Gummy Project Inc. (CSE: GUMY)

  • Gross Proceeds: $500,000
  • Sector: CPG
  • Units issued: 6.14 million
  • Type: Special units
  • Price: $0.02
  • Warrants: Full; $0.05; Five years
  • Agents: Non-brokered
  • Use of Proceeds: Marketing

Company breakdown:

  • Company that sells low-sugar gummy candies and donates a portion of proceeds to support endangered species
  • Rolled out its US e-commerce site in December

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