Yesterday's announced financings: March 29

Here’s your roundup of yesterday's announced financings, courtesy of PrivatePlacements.com: the only database that tracks every financing, every day.

1. Montage Gold Corp. (TSX-V: MAU) 

• Gross Proceeds: $16.4 million (bought deal)
• Sector: Precious metals
• Units issued: 23.43 million
• Type: Common shares
• Price: $0.70
• Warrants: None
• Agents: Canaccord Genuity Corp.
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Gold company focused on the Koné project in West Africa
• Acquired an addition to the project from Barrick and Endeavour last year
• Recently Drilled 27 metres of 8.97 g/t Au at Koné

2. Draganfly Inc. (CSE: DPRO)

• Gross Proceeds: US$8 million
• Sector: Drone tech
• Units issued: 8 million
• Type: Common shares
• Price: US$1.00
• Warrants: None
• Agents: Non-brokered
• Use of Proceeds: Working capital

Company breakdown:

• Develops and sells drones
• Announced financials recently—lost $27.65 million in 2022
• Recently expanded its B.C. facility for drone production

3. Sterling Metals Corp. (TSX-V: SAG)

• Gross Proceeds: $5.03 million
• Sector: Metals
• Units issued: 6.7 million; 6 million; 16.7 million
• Type: Flow-through units; flow-through units; special units
• Price: $0.225; $0.17; $0.167
• Warrants: Full; $0.25; Two years
• Agents: PI Financial Corp. 
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Mineral exploration company with projects in Newfoundland and Labrador
• Is acquiring the Adeline silver project from Chesterfield Resources
• There has been no historical drilling in its flagship Sail Pond project

4. McFarlane Lake Mining Ltd. (NEO: MLM)

• Gross Proceeds: $1 million
• Sector: Precious metals
• Units issued: 10 million; 8.33 million
• Type: Special units; flow-through units
• Price: $0.10; $0.12
• Warrants: Half; $0.20; Three years
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Gold junior with six properties in Ontario and Manitoba
• Three of the six properties have produced gold in the past
• Is focused on exploring its High Lake project in 2023

5. P2Earn Inc. (CSE: PXE)

• Gross Proceeds: $1 million
• Sector: Blockchain games
• Units issued: 13.33 million
• Type: Common shares
• Price: $0.075
• Warrants: None
• Agents: Non-brokered
• Use of Proceeds: Working capital

Company breakdown:

• Company aiming to capitalize on the "play-to-earn" gaming fad, whereby players earn NFTs for playing games