Outcrop Silver & Gold Corporation has successfully closed a non-brokered private placement offering, raising $5 million from Eric Sprott. The funds will be used to advance exploration and development activities at the Company’s flagship Santa Ana high-grade silver project in Colombia. This investment strengthens the Company’s financial position and demonstrates strong investor confidence in the project’s potential.
Nickel Creek Platinum Corp. has successfully completed its non-brokered private placement, raising $0.45 million from its largest shareholder, Electrum Strategic Opportunities Fund L.P. The funds will be used for general corporate purposes. The placement involved the issuance of 505,000 common shares at $0.90 per share.
Outcrop Silver & Gold Corporation has successfully secured $5 million through a private placement led by Eric Sprott. The funds will be used to advance the company’s flagship Santa Ana high-grade silver project in Colombia, with a focus on exploration and development. The company anticipates the closing of the offering on or about October 3, 2024.
Snowflake Inc. (SNOW) shares are trading lower after the company announced a $2 billion private placement of senior convertible notes. The move comes as Snowflake seeks to bolster its financial position amid a challenging economic environment. While the stock is currently below its 50-day moving average and near its 52-week low, analysts remain optimistic about Snowflake’s future prospects, with an average 12-month price target of $166.93.
Sable Offshore Corp (SOC) shares are down significantly after the company announced a $150 million private placement, raising concerns about the dilution of existing shareholders. The funds will be used for capital expenditures, working capital, and general corporate purposes.
Odd Burger Corporation is raising up to $4 million through a private placement of convertible debentures, aiming to fuel its growth in Canada, the US, and overseas. The funds will be used to expand its franchise operations, distribute its plant-based products, develop commercial real estate, and support general working capital.
Nickel Creek Platinum Corp. (NCP) has announced plans to raise up to $0.6 million through a non-brokered private placement. The company’s largest shareholder, Electrum Strategic Opportunities Fund L.P., is expected to invest approximately $0.45 million. The funds will be used for general corporate purposes. The closing of the private placement is anticipated on or around September 26, 2024, subject to customary closing conditions.
Shares of Applied Digital Corporation (APLD) surged on Thursday after the company announced a $160 million private placement financing deal. The investment, led by NVIDIA and Related Companies, will fuel Applied Digital’s expansion of data centers and cloud-computing operations, particularly in the rapidly growing AI and high-performance computing (HPC) sectors.
Ensysce Biosciences (ENSC) shares plummeted 30% on Thursday after the company announced a $5 million registered direct offering and concurrent private placement. The move involved issuing shares at a discounted price, raising concerns among investors. The company plans to use the funds to advance its drug development programs.
Avicanna Inc., a Canadian biopharmaceutical company focused on cannabinoid-based therapies, has secured $1.9 million through a private placement offering. The funds will be used for general operations, research and development, and expansion into new markets. This news follows the recent issuance of a U.S. patent for Avicanna’s topical cannabinoid composition for pain relief.
