Here’s your roundup of yesterday's announced financings, courtesy of PrivatePlacements.com: the only database that tracks every financing, every day.
1. Asante Gold Corp. (TSX-V: ASE)
- Gross Proceeds: $27 million
- Sector: Precious metals
- Units issued: 18.23 million
- Type: Common shares
- Price: $1.50
- Warrants: Full; $1.75; 1 year
- Agents: Non-brokered
- Use of Proceeds: Ongoing exploration
Company breakdown:
- Gold company focused on projects in Ghana
- Financing is subscribed by a "major institutional investor"
- Has two producing mines with an annual production rate of 400,000 ounces of gold
2. Pond Technologies Holdings Inc. (TSX-V: POND)
- Gross Proceeds: $1.25 million
- Sector: Carbon capture
- Units issued: 17.86 million
- Type: Common shares
- Price: $0.07
- Warrants: None
- Agents: Non-brokered
- Use of Proceeds: Working capital
Company breakdown:
- Has developed tech to captures carbon emissions and repurpose it to produce protein-rich algae used in agricultural and biotech industries
- Says its commercial scale plants have 20% IRR
- Have signed an MOU to integrate their technology into SEM's projects into carbon neutral production facilities
3. Honey Badger Silver Inc. (TSX-V: TUF)
- Gross Proceeds: $1.25 million
- Sector: Precious metals
- Units issued: 6.7 million; 1.57 million
- Type: Special units; Flow-through units
- Price: $0.15; $0.16
- Warrants: Half; $0.18; Three years
- Agents: Non-brokered
- Use of Proceeds: Ongoing exploration
Company breakdown:
- Silver miner focused on projects in Ontario and the Yukon
- Sampled 2.43 g/t Ag at its Groundhog project recently
4. Axmin Inc. (TSX-V: AXM)
- Gross Proceeds: $500,000
- Sector: Precious metals
- Units issued: 10 million
- Type: Common shares
- Price: $0.05
- Warrants: None
- Agents: Non-brokered
- Use of Proceeds: Working capital
Company breakdown:
- Early-stage gold junior with projects in the Central African Republic and Senegal
- Lack of news for past year
- No insider will participate in this offering
5. Bird River Resources Inc. (CSE: BDR)
- Gross Proceeds: $150,000
- Sector: Oil and gas
- Units issued: 1.5 million
- Type: Common shares
- Price: $0.10
- Warrants: None
- Agents: Non-brokered
- Use of Proceeds: Working capital
Company breakdown:
- Oil and gas junior that also focuses on blockchain
- Says it has 20 zones it is looking at for drilling
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