2 Non-Brokered Financings to Know About This Week (Feb. 23 - March 2)

March 2, 2022 04:20 PM PST

Even as uranium snatches all the buzz, we're still seeing the usual customers among non-brokered placements this week: junior mining companies with big plans for their projects.

1. Blackrock Silver Corp. (TSX-V: BRC)

  • Gross Proceeds: $5 million
  • Sector: Precious metals
  • Units issued: 5.68 million
  • Type: Common shares
  • Price: $0.88
  • Warrants: None
  • Agents: Non-brokered
  • Use of Proceeds: Ongoing exploration

Company breakdown:

  • Up-and-coming silver company exploring the prolific Tonopah district in Nevada
  • Flagship Tonopah West project is one of the most active silver projects in North America, with over 110,000 metres completed and counting
  • Financing was subscribed entirely by billionaire Eric Sprott
  • Proceeds will be used for ongoing exploration at the project, which has a maiden resource estimate coming soon

2. Roscan Gold Corp. (TSX-V: ROS)

  • Gross Proceeds: $5 million
  • Sector: Precious metals
  • Units issued: 12.5 million
  • Type: Common shares
  • Price: $0.40
  • Warrants: None
  • Agents: Non-brokered
  • Use of Proceeds: Ongoing exploration

Company breakdown:

  • Gold junior exploring projects in West Africa
  • Flagship Kandiole project is made of up six discoveries east of B2Gold's Fekola mine and two of IAMGOLD's deposits
  • Strong drill intercepts including 65 metres of 5.16 g/t Au
  • Proceeds will be used to continue exploring its projects
  • Shares have been on a slow rise since the end of December

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