Dilution Watch
Every financing we track on the TSX, TSXV and CSE: the size, the discount to the last close, and the warrants that come with it.
Deals this week
Dilution Watch. Discount to the prior close, where the company disclosed it.
| Company | Deal | Size | Price | Discount | Warrant |
|---|---|---|---|---|---|
| Defense MetalsTSXV: DEFN · LIFE + non-LIFE units, 1st tranche (closed) | LIFE + non-LIFE units, 1st tranche (closed)Units x price implies C$5.46M | $3.6M | $0.14 | – | Half at $0.21 |
| FeralX SystemsTSXV: FRLX · Units, listing financing (closed) | Units, listing financing (closed)Lists Oct 19 | $5.4M | $0.60 | – | Half at $1.00 |
| San Lorenzo GoldTSXV: SLG · Brokered LIFE + non-LIFE, upsized (announced) | Brokered LIFE + non-LIFE, upsized (announced)Doubled from C$40M same day | $80.0M | $5.30 | – | None |
| Standard UraniumTSXV: STND · Strategic placement, closing extended | Strategic placement, closing extendedInvestor unnamed; deadline Nov 16 | $3.0M | $0.0765 | – | Half at $0.115 |
| Antimony ResourcesCSE: ATMY · Non-brokered LIFE units (fully subscribed) | Non-brokered LIFE units (fully subscribed)One unnamed strategic investor | $3.0M | $0.30 | – | Half at $0.50 |
| Rocky Shore GoldCSE: RSG · Non-brokered FT, final tranche (closed) | Non-brokered FT, final tranche (closed)Total of all tranches; insiders in | $5.2M | $0.15 | – | None |
| Atico MiningTSXV: ATY · Convertible debenture (closed) | Convertible debenture (closed)Trafigura; debt also settled at US$0.1548 | US$16.4M | US$0.22 | – | None |
| ATERRA MetalsCSE: ATC · Brokered LIFE (closed) | Brokered LIFE (closed)6.67M broker warrants at $0.06 | $8.4M | $0.06 | – | None |
| Global UAV TechnologiesCSE: UAV.X · Non-brokered shares (closed) | Non-brokered shares (closed)IR in use of proceeds | $4.4M | $0.40 | – | None |
| Canuc ResourcesTSXV: CDA · Units (closed) | Units (closed)Acceleration above $2.40 | $6.0M | $1.20 | – | Half at $1.80 |
| Stardust SolarTSXV: SUN · Convertible debenture units (closed) | Convertible debenture units (closed)12% interest; refinances Feb debenture | $641K | $0.075 | – | 13,333 per unit at $0.10 |
| Luca MiningTSXV: LUCA · Subscription receipts, bought + strategic (closed) | Subscription receipts, bought + strategic (closed)Goldgroup took C$101.1M | $211.4M | $1.00 | – | None |
| Badlands ResourcesTSXV: BLDS · Non-brokered units (closed) | Non-brokered units (closed)Related party property deal | $3.2M | $0.27 | – | Full at $0.45 |
| Brutus MiningCSE: BRU · Units and FT units (closed) | Units and FT units (closed)FT units at $0.40 | $3.0M | $0.35 | – | Full at $0.40 |
| Scottie ResourcesTSXV: SCOT · Brokered + non-brokered tranche (closed) | Brokered + non-brokered tranche (closed)FT at $3.10 | $21.4M | $2.90 | – | None |
| Skeleton Coast UraniumTSXV: SKEL · Non-brokered units, repriced (announced) | Non-brokered units, repriced (announced)Cut from $0.15 | $5.0M | $0.13 | – | Half at $0.20 |
| CanCambria EnergyTSXV: CCEC · Brokered LIFE (closed) | Brokered LIFE (closed)Warrants to be listed | $6.9M | $0.30 | – | Full at $0.40 |
| Kirkland Lake DiscoveriesTSXV: KLDC · Brokered, upsized (closed) | Brokered, upsized (closed)Eric Sprott lead order | $20.2M | $0.35 | – | None |
| Stardust MetalTSXV: ZIGY · Brokered (closed) | Brokered (closed)Premium FT at $2.725 | $14.5M | $1.95 | – | None |
| Barksdale ResourcesTSXV: BRO · Non-brokered units, 1st tranche (closed) | Non-brokered units, 1st tranche (closed)Plus Delbrook debt settled in shares | $13.2M | $0.18 | – | Half at $0.30 |
| Salazar ResourcesTSXV: SRL · Non-brokered units (closed) | Non-brokered units (closed) | $3.5M | $0.35 | – | Half at $0.60 |
| Pacific Booker MineralsTSXV: BKM · Non-brokered units, upsized (announced) | Non-brokered units, upsized (announced)No fees; 6 month lock-up | $12.0M | $2.34 | – | Full at $2.75 |
| Mayo Lake MineralsCSE: MLKM · Non-brokered units, repriced (announced) | Non-brokered units, repriced (announced)FT price cut to $0.045 | $700K | $0.04 | – | Full at $0.07 |
| AmeriTrustTSXV: AMT · Warrant exercises | Warrant exercises301M warrants exercised | $35.1M | $0.12 | – | – |
| ONGold ResourcesTSXV: ONAU · Brokered LIFE, upsized (announced) | Brokered LIFE, upsized (announced)FT units at $0.81 and $0.93 | $9.3M | $0.58 | – | Half at $0.88 |
| Antimony ResourcesCSE: ATMY · Flow-through (closed) | Flow-through (closed)4.9% cash fee | $5.0M | $0.47 | – | None |
| ATERRA MetalsCSE: ATC · Brokered LIFE, upsized (announced) | Brokered LIFE, upsized (announced)About 139M shares at max | $8.4M | $0.06 | – | None |
| CopAur MineralsTSXV: CPAU · Non-brokered units, upsized (announced) | Non-brokered units, upsized (announced)Acceleration above $0.30 | $5.0M | $0.10 | – | Half at $0.20 |
| Canoe Mining VenturesTSXV: CLV · Subscription receipts (1st closing) | Subscription receipts (1st closing)Price computed; escrowed | $9.1M | $0.12 | – | Half at $0.18 |
| Graphano EnergyTSXV: GEL · Non-brokered units (announced) | Non-brokered units (announced)36 month warrant | $900K | $0.075 | – | Full at $0.12 |
| Corcel ExplorationCSE: CRCL · Non-brokered units, upsized (announced) | Non-brokered units, upsized (announced)Upsized from $1.5M | $2.5M | $0.10 | – | Half at $0.20 |
| F3 UraniumTSXV: FUU · Shares for interest (issued) | Shares for interest (issued)Paid to Denison; conversion price $0.56 | $113K | $0.14 | – | None |
| Trojan GoldCSE: TGII · Brokered units and FT (announced) | Brokered units and FT (announced)With three-way amalgamation | $7.0M | $0.20 | – | Half at $0.30 |
| Perseverance MetalsTSXV: PMI · Non-brokered placement (closed) | Non-brokered placement (closed)Teck, Altius, Crescat, NQIM | $11.8M | $0.65 | – | None |
| Daura GoldTSXV: DGC · Non-brokered units (closed) | Non-brokered units (closed)Upsized from $2M | $3.0M | $0.23 | – | Half at $0.375 |
| GoldHavenCSE: GOH · Flow-through (fully subscribed) | Flow-through (fully subscribed)Critical mineral FT | $1.0M | $0.27 | – | None |
| Canadian Gold ResourcesTSXV: CAN · Repriced placement | Repriced placementTwo directors buying | $100K | $0.0675 | – | None |
| Carlin GoldTSXV: CGD · Brokered placement (closed) | Brokered placement (closed) | $9.8M | $1.30 | – | Full at $1.50 |
| Independence GoldTSXV: IGO · FT and units (announced) | FT and units (announced)Up to $6M | $6.0M | $0.16 | – | Half at $0.22 |
| ATERRA MetalsCSE: ATC · Brokered LIFE (announced) | Brokered LIFE (announced)Free trading on close | $6.0M | $0.06 | – | None |
| Allied Critical MetalsCSE: ACM · Placement, 2nd tranche (closed) | Placement, 2nd tranche (closed)Tribeca strategic investor | US$15.0M | US$2.05 | – | None |
| Goldgroup MiningTSXV: GORO · Non-brokered placement (closed) | Non-brokered placement (closed)Upsized from US$75M | US$121.8M | US$3.65 | – | Half at US$5.10 |
| Scottie ResourcesTSXV: SCOT · Brokered + non-brokered (announced) | Brokered + non-brokered (announced)Up to $29M with option | $27.0M | $2.90 | – | None |
| South Pacific MetalsTSXV: SPMC · Marketed placement (closed) | Marketed placement (closed)Acceleration above $1.80 | $20.0M | $0.83 | – | Full at $1.40 |
| Japan GoldTSXV: JG · Strategic placement (closed) | Strategic placement (closed)50% premium to market | $10.5M | $0.12 | +50% prem. | Units to Solidcore |
| Avanti GoldCSE: AGC · Bought deal (closed) | Bought deal (closed)6% cash fee plus broker warrants | $51.8M | $0.50 | – | Half at $0.65 |
| Alex MetalsTSXV: ALX · Non-brokered placement (closed) | Non-brokered placement (closed)New listing | $3.9M | $0.70 | – | None |