Daily Announced Financings: February 15

February 15, 2023 03:43 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. Callinex Mines Inc. (TSX-V: CNX)

  • Gross Proceeds: $7 million
  • Sector: Precious metals
  • Units issued: 793,651; 793,651
  • Type: Special units; Flow-through units
  • Price: $3.15; $5.67
  • Warrants: Half; $3.15 or $5.67; Two years
  • Agents: Research Capital Corporation
  • Use of Proceeds: Ongoing exploration

Company breakdown:

  • Junior miner exploring two copper, gold, zinc, and silver deposits in the Flin Flon mining district in Manitoba
  • Its management team is credited with three of the four largest mines in the Flin Flon district's history
  • Shares of the company have climbed across February, possibly in anticipation of an upcoming maiden resource estimate on Callinex's Rainbow project

2. Liquid Avatar Technologies Inc. (CSE: LQID)

  • Gross Proceeds: $1 million
  • Sector: SaaS
  • Units issued: 48 million
  • Type: Special units
  • Price: $0.03
  • Warrants: Full; $0.05; Two years
  • Agents: Non-brokered
  • Use of Proceeds: Working capital

Company breakdown:

  • Micro-cap SaaS company that has created a digital ID platform that provides "secure management, control and support of personal credentials"
  • Company focuses on blockchain digital identity products, aiming to provide personal verification tools for a supposed, decentralized "Web 3.0"
  • Shares have plummeted as NFTs and crypto have collapsed

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