Yesterday's announced financings: May 2

May 3, 2023 11:47 AM 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. 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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