Form D Don’t Lie: Azarga Uranium $1.70 million Financing. Blake Steele Filed Oct 7 Form D

Energy Azarga Uranium Corp. - Blake Steele

Azarga Uranium Financing

Azarga Uranium Corp., Corporation just filed form D announcing $1.70 million equity financing. This is a new filing. Azarga Uranium was able to finance itself with $1.70 million. That is 100.00% of the financing offer. The total financing amount was $1.70 million. The form was filed on 2016-10-07. The reason for the financing was: Based on the Oanda exchange rate of C$1.00 to US$0.76597 on September 23, 2016..

Azarga Uranium is based in Colorado. The firm’s business is Other Energy. The SEC form was submitted by Blake Steele CFO. The company was incorporated more than five years ago. The filler’s address is: 5575 Dtc Pkwy #140, Greenwood Village, Co, Colorado, 80111. Richard F Clement, Jr. is the related person in the form and it has address: 5575 Dtc Pkwy #140, Greenwood Village, Co, Colorado, 80111. Link to Azarga Uranium Filing: 000151582816000004.

Analysis of Azarga Uranium Offering

On average, companies in the Other Energy sector, sell 65.00% of the total offering amount. Azarga Uranium sold 100.00% of the offering. Could this mean that the trust in Azarga Uranium is high? The average investment offering size for companies in the Other Energy industry is $1.11 million. The total amount raised is 53.50% bigger than the average for companies in the Other Energy sector. The minimum investment for this fundraising is set at $0. If you know more about the reasons for the financing, 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 Azarga Uranium Also

The Form D signed by Blake Steele might help Azarga Uranium 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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