Yesterday's announced financings: March 7

March 8, 2023 12:49 PM PST

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

1. Jericho Energy Ventures Inc. (CSE: JEV)

  • Gross Proceeds: $2 million
  • Sector: Energy
  • Units issued: 7.69 million
  • Type: Special units
  • Price: $0.26
  • Warrants: Full; $0.50; Two years
  • Agents: Non-brokered
  • Use of Proceeds: Working capital

Company breakdown:

  • Leverages oil and gas production for cash flow while investing in decarbonization tech
  • Invests in early-stage energy transition companies working on hydrogen power technology
  • Portfolio includes companies H2U, Supercritical, and Hydrogen Technologies 

2. Cabral Gold Inc. (TSX-V: CBR)

  • Gross Proceeds: $2 million
  • Sector: Precious metals
  • Units issued: 20 million
  • Type: Special units
  • Price: $0.10
  • Warrants: Full; $0.20; Two years
  • Agents: Non-brokered
  • Use of Proceeds: Outstanding debts

Company breakdown:

  • Gold junior focused on the Cuiú Cuiú project in northern Brazil, in the Amazon
  • Project contains 2.1 Moz gold measured and indicated.
  • Also exploring a number of other projects in the region

3. Eat & Beyond Global Holdings Inc. (CSE: EATS)

  • Gross Proceeds: $830,540
  • Sector: Alternative foods
  • Units issued: 4.15 million
  • Type: Common shares
  • Price: $0.20
  • Warrants: None
  • Agents: Non-brokered
  • Use of Proceeds: Investment opportunities

Company breakdown:

  • Provides access to companies providing alternative food sources, like plant-based proteins
  • Invests in seed rounds through Series A and B
  • Has 13 active investments, with one exit up 512%

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