Last Friday's announced financings: Feb. 24

February 27, 2023 04:35 PM PST

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

1. New Destiny Mining Corp. (TSX-V: NED)

  • Gross Proceeds: $2.3 million; $1.5 million
  • Sector: Base and precious metals
  • Units issued: 22.5 million; 10 million
  • Type: Special units; Flow-through units
  • Price: $0.10; $0.15
  • Warrants: Full; $0.25; 18 months
  • Agents: Non-brokered
  • Use of Proceeds: Ongoing exploration

Company breakdown:

  • Mining junior focused on projects in British Columbia
  • Has had virtually no news at all for over a year other than private placements
  • Currently experiencing extremely low volume

2. C2C Gold Corp. (CSE: CTOC)

  • Gross Proceeds: $500,000
  • Sector: Precious metals
  • Units issued: 10 million
  • Type: Special units
  • Price: $0.05
  • Warrants: Full; $0.10; Two years
  • Agents: Non-brokered
  • Use of Proceeds: Ongoing exploration

Company breakdown:

  • Gold junior with projects in Newfoundland
  • Samples from Dunnage property back in September returned 120 g/t gold
  • Recently sold 689 mining claims to Klondike Gold Corp.

3. Carlyle Commodities Corp. (CSE: CCC)

  • Gross Proceeds: $250,000
  • Sector: Precious metals
  • Units issued: 1 million
  • Type: Special units
  • Price: $0.25
  • Warrants: Half; $0.375; Three years
  • Agents: Non-brokered
  • Use of Proceeds: Working capital

Company breakdown:

  • Gold junior working on advancing the Newton project in BC
  • Completed its first 1,000-metre drill hole at Newton in mid-February, though hasn't reported results yet
  • Aims to update its mineral resource estimate on the property

4. Pacific GeoInfo Corp. (NEX: PGO)

  • Gross Proceeds: $110,000
  • Sector: Geomatic services
  • Units issued: 1 million
  • Type: Special units
  • Price: $0.25
  • Warrants: Half; $0.375; Three years
  • Agents: Non-brokered
  • Use of Proceeds: Acquisitions and working capital 

Company breakdown:

  • Dormant company that offered geomatic services for business and governments
  • Financing is partly to investigate potential acquisitions to "reactivate the company"

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