Here’s your roundup of yesterday's announced equity financings, courtesy of PrivatePlacements.com: the only database that tracks every financing, every day.
1. Data Communication Management Corp. (TSX-V: DCM)
- Gross Proceeds: $25 million
- Sector: Marketing solutions
- Units issued: 8.33 million
- Type: Common shares
- Price: $3.00
- Warrants: None
- Agents: Clarus Securities Inc.
- Use of Proceeds: Working capital
Company breakdown:
- Partners with companies to improve communications and marketing workflows
- Recently acquired R.R. Donnelley & Sons for $130.8 million
2. Outcrop Silver and Gold Corp. (TSX-V: OCG)
- Gross Proceeds: $6 million
- Sector: Precious metals
- Units issued: 24 million
- Type: Special units
- Price: $0.25
- Warrants: Half; $0.35; Two years
- Agents: Research Capital Corp.
- Use of Proceeds: Working capital
Company breakdown:
- Precious metals miner focused on its Santa Ana project in Colombia
- Recent resource estimate for the project places it at 24.1 million ounces of silver indicated and 13.5 million ounces inferred
- Resource grade of 614 g/t AgEq
3. Lucky Minerals Inc. (TSX-V: LKY)
- Gross Proceeds: $500,000
- Sector: Precious metals
- Units issued: 10 million
- Type: Special units
- Price: $0.05
- Warrants: Full; $0.05; Four years
- Agents: Non-brokered
- Use of Proceeds: Ongoing exploration
Company breakdown:
- Junior miner with projects in Ecuador
- Last drill results were 10 metres of 0.68 g/t Au at its Wayka project
4. Inomin Mines Inc. (TSX-V: MINE)
- Gross Proceeds: $600,000
- Sector: Metals
- Units issued: 4 million; 3 million
- Type: Special units; Flow-through units
- Price: $0.08; $0.10
- Warrants: Full; $0.15; Two years
- Agents: Non-brokered
- Use of Proceeds: Ongoing exploration
Company breakdown:
- Base and precious metals junior with projects in British Columbia and Mexico
- Focused on its Beaver magnesium-nickel-cobalt project in south-central B.C.
- Has hit 252.1 metres grading 20.6% magnesium, 0.16% nickel, and 0.33% chromium
5. Bee Vectoring Technologies International Inc. (TSX-V: BEE)
- Gross Proceeds: $270,000
- Sector: Agriculture
- Units issued: 2.25 million
- Type: Special units
- Price: $0.12
- Warrants: Full; $0.20; Three years
- Agents: Non-brokered
- Use of Proceeds: Ongoing growth
Company breakdown:
- Agriculture tech to improve crop yields
- Uses commercially-reared bees to deliver crop controls through pollination
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