Yesterday's announced financings: May 18

May 19, 2023 01:50 PM PST

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

1. Idaho Champion Gold Mines Canada Inc. (CSE: ITKO)

  • Gross Proceeds: $5 million
  • Sector: Battery metals
  • Units issued: 20 million
  • Type: Flow-through units
  • Price: $0.20
  • Warrants: None
  • Agents: Non-brokered
  • Use of Proceeds: Ongoing exploration

Company breakdown:

  • Battery metals junior focused on Idaho and Québec
  • Recently outlined 17 lithium targets at its Champion project in James Bay
  • Recently also closed a $1 million financing

2.  Gowest Gold Ltd. (TSX-V: GWA)

  • Gross Proceeds: $2 million
  • Sector: Precious metals
  • Units issued: 11.11 million
  • Type: Flow-through units
  • Price: $0.18
  • Warrants: Full; $0.24; Two years
  • Agents: Non-brokered
  • Use of Proceeds: Ongoing exploration

Company breakdown:

  • Gold junior focused on the North Timmins gold project in Ontario
  • The Bradshaw deposit on the project is estimated to contain 1.2M oz of gold easured and indicated

3. TinOne Resources Inc. (TSX-V: TORC)

  • Gross Proceeds: $1 million
  • Sector: Base metals
  • Units issued: 7.69 million
  • Type: Special units
  • Price: $0.12
  • Warrants: Half; $0.25; Two years
  • Agents: Non-brokered
  • Use of Proceeds: Ongoing exploration

Company breakdown:

  • Battery metals and tin junior focused on projects in Tasmania
  • Flagship Great Pyramid project has a historical tin resource of 10,000 tons at 0.2%
  • Sample grades at its Aberfoyle project include 1.14% Lithium

4. Fabled Silver Gold Corp. (TSX-V: FCO)

  • Gross Proceeds: $500,000
  • Sector: Precious metals
  • Units issued: 10 million
  • Type: Special units
  • Price: $0.05
  • Warrants: Full; $0.10; Two years
  • Agents: Non-brokered
  • Use of Proceeds: Ongoing exploration

Company breakdown:

  • Silver junior focused on projects in Mexico
  • Its Santa Maria project has an NI 43-101 resource of 1.1Moz inferred

You May Like