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Red Moon Resources Inc. (TSX-V: RMK) Term Sheet
Type of financing: Non-brokered Gross proceeds: $700,00 Number of units: 7 million Price per unit: $0.10 Closing date: 02/10/21 Today's closing price (June 1): $0.93 Gains: 830% Warrants: Half Strike Price: $0.17 Expiry date: 02/10/23 Net ROI w/ warrants ($100k investment): $1.21 million
Company breakdown:
Owner of one of North America's largest shallow salt deposits, located in Newfoundland
NI 43-101 resource estimate pegged the project with 1.47 billion tonnes inferred at 95.3% NaCl
Began to rise shortly after closing the financing, amid another private placement
Valdor Technology International Inc. (TSX-V: VTI) Term Sheet
Type of financing: Non-brokered Gross proceeds: $3 million Number of units: 60 million Price per unit: $0.05 Closing date: 02/08/21 Today's closing price (June 1): $0.35 Gains: 600% Warrants: Full Strike Price: $0.30 Expiry date: 02/08/26 Net ROI w/ warrants ($100k investment): $700,000
Company breakdown:
Sells fiber optic products
Has seen very low trade volume since closing the private placement
Price rose following the announcement of the financing, has remained mostly flat since
Bigg Digital Assets Inc. (CSE: BIGG) Term Sheet
Type of financing: Bought deal Gross proceeds: $13.80 million Number of units: 3.59 million Price per unit: $0.50 Closing date: 02/05/21 Yesterday's closing price (March 2): $2.03 Gains: 306% Warrants: Half Strike Price: $0.70 Expiry date: 02/05/23 Net ROI w/ warrants ($100k investment): $439,000
Company breakdown:
Owns, operates, and invests in crypto businesses Purchased 60.7 bitcoin shortly after the closing of the private placement Since closing this deal, closed another bought deal for $28.98 million Recently announced its subsidiary was developing a stablecoin product
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