Oil and gold juniors lead this weeks' top-performing financings

Lucero Energy Corp. (TSX-V: LOU)

• Type of financing: Non-brokered & brokered
• Gross proceeds: $54.5 million
• Number of units: 23.75 million; 112.5 million
• Unit type: Special units; common shares
• Price per unit: $0.40
• Closing date: 02/02/2022
• Today's closing price (June 7): $0.86
• Deal appreciation: 115%
• Warrants: Full; None
• Strike Price: $0.475
• Expiry date: 02/02/2027

Company breakdown:

• North Dakota oil and natural gas junior
• Changed name from PetroShale in May
• Financing was part of the name change and an overhaul of the management team, led by Brett Herman as president and CEO
• The new management team has a history of acquiring and developing assets, most recently at TORC Oil & Gas Ltd.
• Shares began to rise following the appointment of new management

G2 Goldfields Inc. (TSX-V: GTWO)

• Type of financing: Non-brokered
• Gross proceeds: $3.06 million
• Number of units: 6.8 million
• Unit type: Special units
• Price per unit: $0.45
• Closing date: 01/28/2022
• Today's closing price (June 7): $0.61
• Deal appreciation: 36%
• Warrants: Full
• Strike Price: $1.20
• Expiry date: 01/28/2024

Company breakdown:

• Junior mining company focused on assets in Guayana
• Filed an NI 43-101 resource for its Oko project in Guyana on June 1, including a resource of 974,000 ounces of gold inferred and 220,000 ounces of gold indicated
• Shares began to rise after the company announced drill results including five metres of 16.4 grams of gold per tonne (g/t Au) at Oko in early March
• Has since also reported 7.4 metres of 52.7 g/t Au