Yesterday's announced financings: May 23

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

1. Gabriel Resources Ltd. (TSX-V: GBU)

• Gross Proceeds: $6.4 million
• Sector: Precious metals
• Units issued: 24.78 million
• Type: Common shares
• Price: $0.26
• Warrants: None
• Agents: Non-brokered
• Use of Proceeds: Ongoing arbitration

Company breakdown:

• Precious metals company with a focus on the Roşia Montană project in Romania
• Project has 10Moz of gold 47 Moz of silver in proven and probable reserves
• Proceeds from the financing are slated for its ongoing arbitration case against Romania before the World Bank International Centre for Settlement of Investment Disputes

2.  Lode Metals Corp. (CSE: LODE)

• Gross Proceeds: $3 million
• Sector: Precious metals
• Units issued: 15 million
• Type: Special units
• Price: $0.20
• Warrants: Full; $0.30; Two years
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Gold junior with the Cracker Creek project in Oregon
• The area was historically mined for 525,000 ounces of gold at 24.5 grams of gold per tonne
• Project has a historical resource of 95,000 ounces proven and probable

3. Zacapa Resources Ltd. (TSX-V: ZACA)

• Gross Proceeds: $2 million
• Sector: Precious metals
• Units issued: 40 million
• Type: Special units
• Price: $0.05
• Warrants: Full; $0.075; Three years
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• A new precious metals and copper junior focused on projects in Idaho, Nevada, and Arizona
• Its South Bullfrog project is located on the same trend as the Bullfrog Mine in Nevada, which historically produced 2.04 million ounces at 3.2 g/t Au

4. Resouro Gold Inc. (TSX-V: RAU)

• Gross Proceeds: $1.25 million
• Sector: Precious metals
• Units issued: 8.33 million
• Type: Common shares
• Price: $0.15
• Warrants: None
• Agents: Taylor Collison Ltd.
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Titanium and gold junior focused on projects in Brazil
• Its Novo Mundo project has a historical resource of 160,000 ounces of gold at 2.99 g/t Au

5. Gensource Potash Corp. (TSX-V: GSP)

• Gross Proceeds: $800,000
• Sector: Fertilizer development
• Units issued: 5.33 million
• Type: Special units
• Price: $0.15
• Warrants: Full; $0.30; Two years
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Fertilizer development company that aims to use potash to improve crop yields and improve sustainability
• Shares of the company rose after potash was called "essential" by finance minister Chrysita Freeland last August, but have declined since