Public financing – May 5, 2017

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By CPE News

Rise Gold Corp. (CSE: RISE; OTCPK: RYES) has closed previously announced non-brokered private placement of 9,009,814 units at $0.23 per unit for gross proceeds of $2,072,257.

Almaden Minerals Ltd. (TSX: AMM; NYSE MKT: AAU) has engaged Sprott Capital Partners and Cormark Securities Inc. as co-lead underwriters for a bought deal private placement of 8,572,000 units at $1.75 per unit for gross proceeds of $15,001,000.

Element Fleet Management Corp. (TSX: EFN), formerly Element Financial Corporation, has closed the previously announced offering of 6,000,000 5.75% Cumulative 5-Year Minimum Rate Reset Preferred Shares, Series I at a price of $25.00 per share for aggregate gross proceeds of $150,000,000. The offering was conducted by a syndicate of underwriters led by BMO Capital Markets, CIBC Capital Markets, National Bank Financial, RBC Capital Markets, TD Securities, Cormark Securities, Desjardins Securities, GMP Securities, HSBC Securities (Canada) and Raymond James.

Solegear Bioplastic Technologies Inc. (TSX-V: SGB) has completed a private placement of 1,892,197 units at a price of $0.15 per unit for gross proceeds of $283,830.

SLAM Exploration Ltd. (TSX-V: SXL) has closed the first tranche of previously announced private placement of 1,400,000 units at a price of $0.05 per unit and 2,020,000 FT units at a price of $0.055 per FT unit for aggegate gross proceeds of $181,100.

Newrange Gold Corp. (TSX-V: NRG; OTCPK: CMBPF; FSE: X6C) has closed the second and final tranche of the previously announced non-brokered private placements. The first tranche consisted of 2,990,366 units at a price of $0.30 per unit for gross proceeds of $897,110 and the second tranche consisted of 2,159,999 units at $0.30 per unit for gross proceeds of $648,000. In total, the company issued 5,150,365 units for gross proceeds of $1,545,110.

Alabama Graphite Corp. (TSX-V: CSPG; OTCQB:CSPGF; FSE: 1AG) has closed first tranche of its previously announced non-brokered private placement of 5,660,000 units at $0.15 per unit for gross proceeds of approximately $850,000.

MX Gold Corp. (TSX-VE: MXL; OTCQX: MXLGF) has closed previously announced private placement of 15,000,000 units at a price of $0.13 per unit for gross proceeds of $1,950,000.

Fura Gems Inc. (TSX-V: FUR) has closed its previously announced non-brokered private placement of 14,500,000 units at $0.21 per unit for gross proceeds of $3,045,000. Routemaster Capital Inc. (TSX-V: RM) acquired 1,000,000 units for an investment of $210,000.

GEA Technologies Ltd. (TSX-V: GEA.H) has closed previously announced non-brokered private placement of 2,000,000 Class A common shares at a subscription price of $0.05 per share for gross proceeds of $100,000.

photo credit: Hans Braxmeier via pixabay