Note: PrivatePlacements.com has NOT received compensation from any of the companies listed below in connection with this message, nor is the writer an investor in any company listed.
In the midst of a blisteringly hot week in Vancouver (and many other places), we bring you three resource-focused private placements that recently went free-trading with tremendous returns. Read on for a quick overview of each.
Emerita Resources Corp. (TSX-V: EMO) Term Sheet
Type of financing: Non-brokered Gross proceeds: $3 million Number of units: 13.64 million Price per unit: $0.22 Closing date: 02/23/21 Yesterday's closing price (June 28): $1.32 Gains: 500% Warrants: Half Strike Price: $0.30 Expiry date: 02/23/23 Net ROI w/ warrants ($100k investment): $731,818
Company breakdown:
Zinc explorer with projects that owns the Plaza Norte project in Spain
Financing above was entirely subscribed by billionaire mining investor Eric Sprott
Just announced a $16 million bought deal
Shares have been on the rise since late April after the company began preparing to drill the project's Iberia Belt West
Canadian Metals Inc. (CSE: CME) Term Sheet
Type of financing: Non-brokered Gross proceeds: $2 million Number of units: 25.35 million Price per unit: $0.08 Closing date: 02/22/21 Yesterday's closing price (June 28): $0.30 Gains: 275% Warrants: Half Strike Price: $0.15 Expiry date: 02/22/23 Net ROI w/ warrants ($100k investment): $368,750
Company breakdown:
Junior multi-resource company
Plans to spin out its Lac La Chesnaye property in Quebec
Hasn't seen much news in 2021
Shares began to rise in the lead-up to the closing of the private placement, have been up and down since
Gold Mountain Mining Corp. (TSX-V: GMTN)
Type of financing: Bought deal Gross proceeds: $10 million Number of units: 10.31 million Price per unit: $0.97 Closing date: 02/23/21 Yesterday's closing price (June 28): $2.14 Gains: 306% Warrants: Half Strike Price: $1.25 Expiry date: 02/23/24 Net ROI w/ warrants ($100k investment): $166,495
Company breakdown:
Mid-stage junior mining company that owns the Elk project in British Columbia
Project has a total of 63 million ounces of gold measured, 589,000 ounces indicated, and 159,000 inferred based on a resource estimate released in May
Just closed another $12 million bought deal
Shares have been climbing all year, but jumped in particular after the company drilled 1.42 metres of 37 g/t Au in April
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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