Friday's announced financings: March 10

Here’s your roundup of Friday's announced financings, courtesy of PrivatePlacements.com: the only database that tracks every financing, every day.

1. Spectra7 Microsystems Inc. (TSX-V: SEV)

• Gross Proceeds: $5.89 million
• Sector: Copper tech
• Units issued: 5.89 million
• Type: Special units
• Price: $1.00
• Warrants: Full; $1.18 million; Two years
• Agents: Alliance Global Partners
• Use of Proceeds: Working capital

Company breakdown:

• Creates silicon products "that enable copper cables to be longer, thinner, lighter and run at higher performance levels."
• Expects 2022 revenue at $11.3 million

2. BioNxt Solutions Inc .(CSE: BNXT)

• Gross Proceeds: $2.5 million
• Sector: Biotech
• Units issued: 5 million
• Type: Special units
• Price: $0.50
• Warrants: Half; $0.80; Two years
• Agents: Non-brokered
• Use of Proceeds: Working capital

Company breakdown:

• Working to innovate point-of-care diagnostics, drug delivery, and psychedelics
• Recently acquired a drug coating and delivery technology
• Recently started manufacturing clinical samples for rotigotine patch for Parkinson's disease

3. Velocity Minerals Ltd. (TSX-V: VLC)

• Gross Proceeds: $1.5 million
• Sector: Precious metals
• Units issued: 10 million
• Type: Special units
• Price: $0.15
• Warrants: Half; $0.25; 18 months
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Exploration company focused on projects in southeast Bulgaria
• Its Rozino project has a post-tax net present value of US$27 million

4. Kermode Resources Ltd. (TSX-V: KLM)

• Gross Proceeds: $250,000
• Sector: Base and precious metals
• Units issued: 10 million; 10 million
• Type: Flow-through units; Special units
• Price: $0.015; $0.01
• Warrants: Full; $0.05; 3 years
• Agents: Non-brokered
• Use of Proceeds: Settle payables

Company breakdown:

• Very early-stage company with a slate of projects in British Columbia
• Most recent news is about LOIs for various projects