Yesterday's announced financings: May 24

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

1. Forum Energy Metals Corp. (TSX-V: FMC)

• Gross Proceeds: $3 million
• Sector: Uranium & energy metals
• Units issued: 22.22 million
• Type: Flow-through shares
• Price: $0.135
• Warrants: None
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Uranium, copper, cobalt, and nickel junior focused on projects on the Athabasca Basin, and in Nunavut and Idaho
• Recently began an airborne survey on its Grease River project on the Athabasca Basin
• Recent drilling at its Wollaston project in Athabasca intersected anomalous uranium

2.  Smartset Services Inc. (TSX-V: SMAR)

• Gross Proceeds: $65,000
• Sector: Precious metals
• Units issued: 1.3 million
• Type: Common shares
• Price: $0.05
• Warrants: None
• Agents: Non-brokered
• Use of Proceeds: Working capital

Company breakdown:

• "Capital pool company" with little information online