Reports
The Gold Review
May 2020Track the flow of gold mining capital with our exclusive monthly review, including:
- Top financings by equity and debt
- Top financings with warrants attached
- Summary of brokered vs non-brokered deals
- Leading gold mining districts
- Use of proceeds
- ...and more!
Private Placements vs Prospectus
Use of Proceeds
Brokered vs Non-Brokered
Debt vs Equity
Top Financings by Region ($CAD)
TSX Top Equity
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
|---|---|---|---|---|---|
| May 20, 2020 | Fortuna Silver Mines Inc | FVI | 23,000,000 | $3.00 | $96,072,978.00 |
| May 13, 2020 | Americas Gold and Silver Corp | USA | 10,269,500 | $2.80 | $28,754,600.00 |
| May 7, 2020 | Victoria Gold Corp | VGCX | 3,007,250 | $7.65 | $23,005,462.50 |
| May 20, 2020 | Great Panther Mining Ltd | GPR | 40,250,000 | $0.40 | $22,417,028.20 |
| May 15, 2020 | TMAC Resources Inc | TMR | 12,012,857 | $1.75 | $21,022,499.75 |
| May 28, 2020 | RTG Mining Inc | RTG | 60,128,550 | $0.06 | $3,128,820.85 |
TSX Top Warrant
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 | Warrants | Strike | Strike Date |
|---|---|---|---|---|---|---|---|---|
| May 26, 2020 | Marathon Gold Corp | MOZ | 23,000,000 | $1.50 | $34,500,000.00 | 11,500,000 | $1.90 | May 26, 2021 |
| May 20, 2020 | Mawson Resources Ltd | MAW | 48,572,000 | $0.35 | $17,000,200.00 | 24,286,000 | $0.45 | May 20, 2022 |
| May 28, 2020 | Condor Gold plc | COG | 18,082,192 | $0.37 | $11,167,787.54 | 9,041,090 | $0.40 | May 28, 2023 |
| May 27, 2020 | Mawson Resources Ltd | MAW | 2,860,000 | $0.35 | $1,001,000.00 | 1,430,000 | $0.45 | May 27, 2022 |
TSXV Top Debt
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
|---|---|---|---|---|---|
| May 14, 2020 | Otso Gold Corp | OTSO | 1111 | $1.00 | $934,250.00 |
| May 5, 2020 | Colibri Resource Corp | CBI | 934,250 | $1,000.00 | $200,000.00 |
| May 19, 2020 | Altan Rio Minerals Ltd | AMO | 100 | $1,000.00 | $100,000.00 |
| May 15, 2020 | Xander Resources Inc | XND | 75 | $1,000.00 | $75,000.00 |
| May 22, 2020 | Aztec Minerals Corp | AZT | 60 | $1,000.00 | $60,000.00 |
TSXV Top Equity
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
|---|---|---|---|---|---|
| May 1, 2020 | Bluestone Resources Inc | BSR | 52,578,000 | $1.75 | $92,011,500.00 |
| May 13, 2020 | Northern Dynasty Minerals Ltd | NDM | 14,375,000 | $0.70 | $10,062,500.00 |
| May 27, 2020 | Roscan Minerals Corp | ROS | 23,437,500 | $0.32 | $7,500,000.00 |
| May 16, 2020 | Northern Dynasty Minerals Ltd | NDM | 10,357,143 | $0.70 | $7,250,000.10 |
| May 25, 2020 | Pasofino Gold Ltd | VEIN | 120,000,000 | $0.05 | $6,000,000.00 |
| May 6, 2020 | GFG Resources Inc | GFG | 15,818,420 | $0.29 | $4,603,160.22 |
| May 14, 2020 | Scottie Resources Corp | SCOT | 14,751,067 | $0.24 | $3,540,256.08 |
| May 14, 2020 | Maritime Resources Corp | MAE | 33,883,076 | $0.07 | $2,202,399.94 |
| May 6, 2020 | Magna Gold Corp | MGR | 5,714,286 | $0.35 | $2,000,000.10 |
TSXV Top Warrant
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 | Warrants | Strike | Strike Date |
|---|---|---|---|---|---|---|---|---|
| May 21, 2020 | Ely Gold Royalties Inc | ELY | 21,562,500 | $0.80 | $17,250,000.00 | 10,781,250 | $1.00 | May 21, 2023 |
| May 14, 2020 | Fosterville South Exploration Ltd | FSX | 13,636,363 | $1.10 | $14,999,999.30 | 6,818,181 | $2.00 | May 14, 2022 |
| May 29, 2020 | Arizona Metals Corp | AMC | 9,300,000 | $0.65 | $6,045,000.00 | 4,650,000 | $0.85 | May 29, 2021 |
| May 11, 2020 | Japan Gold Corp | JG | 14,278,000 | $0.25 | $3,569,500.00 | 7,139,000 | $0.40 | May 11, 2022 |
| May 26, 2020 | Freegold Ventures Ltd | FVL | 20,895,674 | $0.17 | $3,552,264.58 | 10,447,837 | $0.28 | May 26, 2022 |
| May 7, 2020 | Fortune Bay Corp | FOR | 7,857,144 | $0.35 | $2,750,000.40 | 3,928,572 | $0.50 | May 7, 2023 |
| May 26, 2020 | Apollo Gold Corp | APGO | 8,032,000 | $0.25 | $2,008,000.00 | 4,016,000 | $0.50 | May 26, 2022 |
| May 25, 2020 | Galleon Gold Corp | GGO | 32,640,100 | $0.05 | $1,632,005.00 | 16,320,050 | $0.08 | May 25, 2022 |
| May 25, 2020 | Galleon Gold Corp | GGO | 28,444,277 | $0.06 | $1,564,435.24 | 14,222,138 | $0.08 | May 25, 2022 |
| May 25, 2020 | Sun Metals Corp | SUNM | 18,750,000 | $0.08 | $1,500,000.00 | 9,375,000 | $0.15 | May 25, 2022 |
CSE Top Equity
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 |
|---|---|---|---|---|---|
| May 8, 2020 | Corsurex Resource Corp | CRC | 8,000,000 | $0.05 | $400,000.00 |
| May 13, 2020 | IMC Intl Mining Corp | IMCX | 400,000 | $0.65 | $260,000.00 |
CSE Top Warrant
| Announced | Company | Ticker | Units1 | Price2 | Gross Proceeds3 | Warrants | Strike | Strike Date |
|---|---|---|---|---|---|---|---|---|
| May 22, 2020 | American Pacific Mining Corp | USGD | 23,918,035 | $0.13 | $2,989,754.38 | 23,918,035 | $0.20 | May 22, 2021 |
| May 22, 2020 | Mistango River Resources Inc | MIS | 9,227,053 | $0.28 | $2,537,439.58 | 4,613,526 | $0.35 | May 22, 2022 |
| May 29, 2020 | Winston Gold Mining Corp | WGC | 40,446,333 | $0.06 | $2,426,779.98 | 40,446,333 | $0.12 | May 29, 2025 |
| May 25, 2020 | Tarachi Gold Corp | TRG | 13,003,664 | $0.15 | $1,950,549.60 | 13,003,664 | $0.25 | May 25, 2022 |
| May 25, 2020 | Makara Mining Corp | MAKA | 6,814,332 | $0.25 | $1,703,583.00 | 6,814,332 | $0.50 | May 25, 2023 |
| May 13, 2020 | IMC Intl Mining Corp | IMCX | 3,143,166 | $0.48 | $1,508,719.68 | 3,143,166 | $0.60 | May 13, 2022 |
| May 22, 2020 | Zenith Exploration Inc | ZX | 10,000,000 | $0.02 | $200,000.00 | 10,000,000 | $0.05 | May 22, 2025 |
| May 1, 2020 | Green River Gold Corp | CCR | 2,790,000 | $0.06 | $167,400.00 | 1,395,000 | $0.10 | May 1, 2022 |
| May 7, 2020 | Maxtech Ventures Inc | MVT | 1,705,882 | $0.09 | $144,999.97 | 852,941 | $0.12 | May 7, 2021 |
Footnotes
- Total units shown consist of shares and warrants.
- Prices are represented in the currency of the placement
- Gross proceed figures are converted to $CAD.
- Equinox Gold raised $145M for its projects in California through the exercise of warrants
