Enertopia Corp., Corporation just released form D regarding $8,043 equity financing. This is a new filing. Enertopia was able to sell $8,043. That is 100.00% of the financing offer. The total private offering amount was $8,043. The offering form was filed on 2016-10-05. The reason for the financing was: unspecified.
Enertopia is based in British Columbia – Canada. The firm’s business is not disclosed. The D form was signed by Robert McAllister President. The company was incorporated more than five years ago. The filler’s address is: 950 – 1130 West Pender Street, Vancouver, A1, British Columbia, Canada, V6e 4A4. Robert Mcallister is the related person in the form and it has address: 156 Valleyview Road, Kelowna, A1, British Columbia, Canada, V1x 3M4. Link to Enertopia Filing: 000134602216000003.
Analysis of Enertopia Offering
On average, firms in the not disclosed sector, sell 67.77% of the total offering amount. Enertopia sold 100.00% of the offering. Could this mean that the trust in Enertopia is high? The average investment floor size for companies in all industries in our database is $3.05 million. The offering was 99.74% smaller than the average of $3.05 million. Of course this should not be seen as negative. Businesses raise funds for a variety of needs and reasons. The minimum investment for this fundraising was set at $3500. If you know more about the reasons for the fundraising, please comment below.
What is Form D? What It Is Used For
Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.
Why Fundraising Reporting Is Good For Enertopia Also
The Form D signed by Robert McAllister might help Enertopia Corp.’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.
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