Jet Gold Financing
Jet Gold Corp, Corporation just filed form D because of $35,099 equity financing. This is a new filing. Jet Gold was able to fundraise $15,851 so far. That is 45.16% of the fundraising. The total private offering amount was $35,099. This form was filed on 2016-10-04. The reason for the financing was: Total Offering Amount equals the price of units (300,000 units @ C$0.07),plus the aggregate exercise price of warrants forming part of the units (150,000warrants @ C$0.17), converted to US$.. The fundraising still has about $19,248 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Jet Gold is based in British Columbia – Canada. The firm’s business is not disclosed. The D form was filed by Tim Fernback CEO. The company was incorporated more than five years ago. The filler’s address is: #162 – 2906 West Broadway, Vancouver, A1, British Columbia, Canada, V6k 2G8. Tim Fernback is the related person in the form and it has address: #162 – 2906 West Broadway, Vancouver, A1, British Columbia, Canada, V6k 2G8. Link to Jet Gold Filing: 000118374016000435.
Analysis of Jet Gold Offering
On average, companies in the not disclosed sector, sell 67.77% of the total offering amount. Jet Gold sold 45.16% of the offering. The financing is still open. The average offering amount for companies in all industries in our database is $3.05 million. The offering was 99.48% smaller than the average of $3.05 million. Of course this should not be taken as negative. Companies get financed for a variety of needs and reasons. The minimum investment for this offering is set at $0. 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 Jet Gold Also
The Form D signed by Tim Fernback might help Jet Gold 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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