2 Financings You Need to Know About This Week (Aug. 29-Sept. 2)

1. Benchmark Metals Inc. (TSX-V: BNCH) 

• Gross Proceeds: $17.3 million
• Sector: Precious Metals
• Units issued: 22.1 million; 16.7 million
• Type: Special units; Flow-through units
• Price: $0.42; $0.48
• Warrants: Full; $1.36; Two years
• Agents: PI Financial Inc.
• Use of Proceeds: Unstated

Company breakdown:

• Precious metals junior focused on the Lawyer's gold and silver project in British Columbia
• A recent preliminary economic assessment pegged the project with a net-present after-tax value of $577 million

2. Satellos Bioscience Inc. (TSX-V: MSCL)

• Gross Proceeds: $3.5 million
• Sector: Pharmaceuticals
• Units issued: 8.75 million
• Type: Special units    
• Price: $0.40
• Warrants: Half; $0.60; Three years
• Agents: Bloom Burton Securities
• Use of Proceeds: Unstated

Company breakdown:

• Company working on drugs to repair and regenerate damaged muscle tissue
• Flagship platform is MyoReGenX, which aims to recreate processes spurred by specialized muscle stem cells that occur in vitro