Yesterday's announced financings: March 13

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

1. Foran Mining Corp. (TSX-V: FOM) 

• Gross Proceeds: $75 million
• Sector: Copper
• Units issued: 13.51 million; 4.42 million
• Type: Common shares; Flow-through shares
• Price: $3.70; $5.66
• Warrants: None
• Agents: Goldman Sachs Canada, Eight Capital, PI Financial
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Copper explorer working to build the world's first carbon-neutral copper/zinc mine and processing facility in Saskatchewan
• Its flagship McIlvenna Bay project has an after-tax net present value of $1.06 billion
• Recently drilled 32.1 metres of 2.61 percent copper-equivalents at its McIlvenna Bay project

2. Rubellite Energy Inc. (TSX: RBY)

• Gross Proceeds: $20 million
• Sector: Oil
• Units issued: 7 million
• Type: Flow-through shares
• Price: $2.85
• Warrants: None
• Agents: Non-brokered
• Use of Proceeds: Flow-through expenses

Company breakdown:

• Heavy oil explorer and producer in eastern Alberta
• Earned $24.6 million in 2022
• Current production at about 3,000 bbl/d

3. Probe Gold Inc. (TSX-V: PRB)

• Gross Proceeds: $15 million (bought deal)
• Sector: Precious metals
• Units issued: 7.40 million
• Type: Common shares
• Price: $2.03
• Warrants: None
• Agents: Canaccord Genuity
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Gold explorer focused on the Novador project in Québec
• Recently filed a 43-101 for its Monique deposit of the Novador project, which reports 2.04 million ounces measured and indicated
• Recently drilled 44 metres of 3.9 grams of gold per tonne at Novador

4. Aurania Resources Ltd. (TSX-V: ARU)

• Gross Proceeds: $5 million
• Sector: Precious metals
• Units issued: 10.87 million
• Type: Special units
• Price: $0.46
• Warrants: Full; $0.75; 3 years
• Agents: Non-brokered
• Use of Proceeds: Ongoing exploration

Company breakdown:

• Gold junior exploring the Lost Cities-Cutucu project in Ecuador
• Says their project has the same geology as the Cordillera del Cóndor in the south, which hosts major gold deposits
• Chairman and CEO owns 37 percent of shares

5. A2Z Smart Technologies Corp. (TSX-V: AZ)

• Gross Proceeds: US$2.6 million
• Sector: Smart tech
• Units issued: 1.78 million
• Type: Special units
• Price: US$1.46
• Warrants: Half; $2.35; 2 years
• Agents: Non-brokered
• Use of Proceeds: Working capital

Company breakdown:

• Smart tech company that provides services to Israeli defense that is now breaking into the civilian market
• Flagship products are its mobile self-checkout shopping carts, advanced fire-prevention systems, remote-controlled bomb disposal and fire-fighting robots
• Recently announced integration of its smart carts with a leading retail POS software platform