Daily Announced Financings: February 14

February 14, 2023 04:01 PM PST

Here's your daily roundup of all the notable Canadian financings announced today, courtesy of PrivatePlacements.com: the only database that tracks every private placement, every day.
 

1. Astra Exploration Inc. (TSX-V: ASTR)

  • Gross Proceeds: $1 million
  • Sector: Precious metals
  • Units issued: 9.09 million
  • Type: Special units
  • Price: $0.11
  • Warrants: Full; $0.15; Two years
  • Agents: Non-brokered
  • Use of Proceeds: Ongoing exploration

Company breakdown:

  • Junior miner focused on projects in Chile
  • Has mapped areas on its Pampa Paciencia project, including areas with up to 5.33 grams of gold per tonne
  • Area is mostly unexplored since the discovery was made in 2015
  • Dropped half a cent to 11 cents per share following financing announcement

2. Martello Technologies Group Inc. (TSX-V: MTLO)

  • Gross Proceeds: $2.4 million
  • Sector: SaaS
  • Units issued: 48 million
  • Type: Common shares
  • Price: $0.05
  • Warrants: None
  • Agents: Non-brokered
  • Use of Proceeds: Working capital

Company breakdown:

  • Micro-cap company that has developed a platform that monitors Microsoft Teams and Microsoft 365 service delivery
  • Especially valuable in the post-pandemic work-from-home landscape
  • Company claims it has a 90+ percent gross margin
  • Shares rose half a cent following the placement to close at just 2.5 cents per share

3. Rover Metals Corp. (TSX-V: ROVR)

  • Gross Proceeds: $800,000
  • Sector: Lithium
  • Units issued: 10 million
  • Type: Special units
  • Price: $0.08
  • Warrants: Full; $0.12; 30 months
  • Agents: Non-brokered
  • Use of Proceeds: Working capital

Company breakdown:

  • Lithium junior focused on the Let's Go Lithium project in Nevada
  • Grab samples have returned a max of 1,218 ppm Li
  • Has a 1,200-metre drill program planned on the property
  • Fell half a cent to close at 9 cents per share following financing announcement

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