Yesterday's announced financings: March 8

March 9, 2023 08:42 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. Aduro Clean Technologies Inc. (CSE: ACT)

  • Gross Proceeds: $2.5  million
  • Sector: Chemical recycling
  • Units issued: 2.15 million
  • Type: Special units
  • Price: $0.93
  • Warrants: Half; $1.30; Two years
  • Agents: Non-brokered
  • Use of Proceeds: Ongoing research

Company breakdown:

  • Developing a technology platform to chemically recycling plastic waste into high value products
  • Has completed the mechanical assembly of a continuous flow pilot reactor to upcycle plastic and bitumen
  • Has been engaged by Shell GameChanger to advance HCT tech in the commercial space

2. Omineca Mining and Metals INc. (TSX-V: OMM)

  • Gross Proceeds: $2 million
  • Sector: Precious metals
  • Units issued: 20 million
  • Type: Flow-through units
  • Price: $0.11
  • Warrants: Full; $0.14; Three years
  • Agents: Research Capital Corp.
  • Use of Proceeds: Flow-through expenses

Company breakdown:

  • Junior miner exploring underground and hard rock gold projects in the Cariboo district of BC
  • Aims to use new technology to recover placer gold under its Wingdam underground project
  • Shares have been on the rise since November

3. World Copper Ltd. (TSX-V: WCU)

  • Gross Proceeds: $1.25 million
  • Sector: Copper
  • Units issued: 6.94 million
  • Type: Special units
  • Price: $0.18
  • Warrants: Half; $0.30; Two years
  • Agents: Non-brokered
  • Use of Proceeds: Working capital

Company breakdown:

  • Copper junior focused on two projects, one in Chile and one in Arizona
  • Its Escalones project in Chile has an after-tax net present value of $1.5 billion and 46.2 percent IRR
  • Has drilled 25,000 metres over 53 holes on the project

4. Global Hemp Group Inc. (CSE: GHG)

Gross Proceeds: $750,000
Sector: Hemp
Units issued: 75 million
Type: Special units
Price: $0.01
Warrants: Full; $0.05; Three years
Agents: Non-brokered
Use of Proceeds: Working capital

Company breakdown:

  • Aims to utilize the full hemp plant to create products with environmental impact, and other parts of the plant for other technologies as markets evolve
  • Recently reinstated for trading

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