Yesterday's announced financings: March 28

March 29, 2023 10:05 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. 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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