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This week we bring you three non-brokered, freshly free-trading financings from the mining sector, each from companies steeply on the rise. Read on for all the details.
Arizona Metals Corp. (TSX-V: AMC) Term Sheet
Type of financing: Non-brokered Gross proceeds: $10 million Number of units: 10.53 million Price per unit: $0.95 Closing date: 01/27/21 Today's closing price (June 1): $4.82 Gains: 407.4% Warrants: None Net ROI w/ warrants ($100k investment): $407,368
Company breakdown:
Precious metals explorer which owns the Kay property in Yavpai County, Arizona
The stock has climbed over the past few months amid a 11,000-metre phase two drill program
Shares rose aggressively in the days leading up to its announcement of results of 79 metres of 7 g/t AuEq at the project in a new zone
Rackla Metals Inc. (TSX-V: RAK) Term Sheet
Type of financing: Non-brokered Gross proceeds: $972,000 Number of units: 8.1 million Price per unit: $0.12 Closing date: 01/26/21 Today's closing price (June 1): $0.405 Gains: 237.5% Warrants: Full Strike Price: $0.15 Expiry date: 01/26/22 Net ROI w/ warrants ($100k investment): $450,000
Company breakdown:
Junior miner which owns the Rivier project in the Watson Lake mining district southeast of Ross River, Yukon
Halted pending approval of its acquisition of 73.5% of the Misisi gold project in the Democratic Republic of the Congo
Misisi hosts the Akyanga deposit, which contains an inferred resource of 3.1 million ounces of gold
Shares jumped in February, though it's not clear why
Rock Tech Lithium Inc. (TSX-V: RCK) Term Sheet
Type of financing: Non-brokered Gross proceeds: $4 million Number of units: 2.5 million Price per unit: $1.60 Closing date: 01/21/21 Yesterday's closing price (March 2): $4.01 Gains: 150.6% Warrants: Full Strike Price: $2.00 Expiry date: 01/23/23 Net ROI w/ warrants ($100k investment): $276,5000
Company breakdown:
Lithium company working on building its own chemical plant in Europe, a project which proceeds of this private placement went toward
Shares jumped right after the announcement of the private placement, though the company did not comment on why
The company's phase 1 pilot plant is fully operational, with a metallurgical testwork program expected soon
For further updates on each of the companies above, make sure to add each one to your PrivatePlacements.com Watchlist and be alerted each time they post a new private placement.
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