Yesterday's announced financings: April 17

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

1. Quipt Home Medical Corp. (TSX-V: QIPT)

• Gross Proceeds: $35 million (bought deal)
• Sector: Healthcare services
• Units issued: 4.46 million
• Type: Common shares
• Price: $7.85
• Warrants: None
• Agents: Beacon Securities, Canaccord Genuity
• Use of Proceeds: Debt repayment

Company breakdown:

• Healthcare services company that provides telehealth and automated distribution to improve home management of chronic illness
• Has a run rate EBITDA of $49 million
• Shares have been on the rise since last October, until a dip from the announcement of the financing

2. Horizon Copper Corp. (TSX-V: HCU)

• Gross Proceeds: US$20 million
• Sector: Copper
• Units issued: 35 million
• Type: Subscription receipts
• Price: $0.80
• Warrants: Half; $1.10; Four years
• Agents: Non-brokered
• Use of Proceeds: Part of reverse takeover

Company breakdown:

• Mining company that owns a portion of projects in Turkey, Mongolia, and soon in Peru
• Financing is part of a reverse takeover transaction with Sandstorm Gold Ltd., whereby Horizon will acquire a 1.66 percent interest on the Antamina copper mine
• Shares of the company have been halted since the announcement of the reverse takeover in 2022

3. Lithiumbank Resources Corp. (TSX-V: LBNK)

• Gross Proceeds: $6 million (bought deal)
• Sector: Lithium
• Units issued: 3.16 million
• Type: Flow-through units
• Price: $1.90
• Warrants: Three-quarters; $2.00; Three years
• Agents: Echelon Capital Markets
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Lithium miner advancing the Boardwalk project in west-central Alberta
• A preliminary economic assessment is expected soon
• A technical report on the project estimated 393,000 tonnes of indicated lithium carbonate at a grade of 71.6 mg/L and an inferred 5.8 million tonnes at 68 mg/L

4. Silver One Resources Inc. (TSX-V: SVE)

• Gross Proceeds: $5 million
• Sector: Precious metals
• Units issued: 23.81 million
• Type: Common shares
• Price: $0.21
• Warrants: None
• Agents: Non-brokered
• Use of Proceeds: Project acquisition

Company breakdown:

• Silver junior focused on the Candelaria Mine project in Nevada
• Financing will be used to satisfy its bond obligations under its option agreement for Candelaria
• Recently also received a drill permit for its Phoenix project in Arizona

5. Kutcho Copper Corp. (TSX-V: KC)

• Gross Proceeds: $4 million
• Sector: Copper
• Units issued: 8 million; 6.67 million
• Type: Special units; Flow-through units
• Price: $0.25; $0.30
• Warrants: Half; $0.40; Two years
• Agents: Non-brokered
• Use of Proceeds: Working capital

Company breakdown:

• Copper junior focused on the Kutcho copper-zinc project in northern British Columbia
• Has 22.6 Mt measured and indicated at 2.26% CuEq
• Is currently undertaking a geophysical survey of Kutcho, with plans to define new priority drill targets