Yesterday's announced financings: July 27

July 28, 2023 01:49 PM PST

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

1. Eloro Resources Ltd. (TSX: ELO)

  • Gross Proceeds: $5 million (bought deal)
  • Sector: Precious metals
  • Units issued: 1.59 million
  • Type: Special units
  • Price: $3.15
  • Warrants: Full; $4.25; Two years
  • Agents: Haywood Securities Inc.
  • Use of Proceeds: Ongoing exploration

Company breakdown:

  • Precious metals company with projects in Quebec, Bolivia, and Peru
  • Recently released details on metallurgical tests at its Ika Ika project
  • Uplisted to TSX in March

2. K2 Gold Corp. (TSX-V: KTO)

  • Gross Proceeds: $1.2 million
  • Sector: Precious metals
  • Units issued: 7.5 million
  • Type: Flow-through shares
  • Price: $0.16
  • Warrants: None
  • Agents: Non-brokered
  • Use of Proceeds: Drilling

Company breakdown:

  • Gold junior with projects in southwest US and Yukon
  • Recently drilled four holes at its Si2 project in Nevada

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