Form D Report: Gungnir Resources $53743 Financing. Chris Robbins Filed Oct 11 D form


Gungnir Resources Inc. - Chris Robbins

Gungnir Resources Financing

Gungnir Resources Inc., Corporation just had published form D announcing $53,743 equity financing. This is a new filing. Gungnir Resources was able to sell $53,743. That is 100.00% of the offering. The total financing amount was $53,743. The form was filed on 2016-10-11. The reason for the financing was: An aggregate 2,383,334 units @ CAD$0.03/unit for CAD$71,500 converted to US dollar using the the Bank of Canada website exchange rate on Sept 27/16 (US$0.7517 for each CAD$1). Each unit consists of 1 common share & 1 warrant @ CAD$0.05 for 5 years..

Gungnir Resources is based in British Columbia – Canada. The firm’s business is not disclosed. The form was signed by Chris Robbins Chief Financial Officer. The company was incorporated more than five years ago. The filler’s address is: 404-1688 152Nd Street, Surrey, A1, British Columbia, Canada, V4a 4N2. Jari Paakki is the related person in the form and it has address: 53 Oberon Street, Sudbury, A6, Ontario, Canada, P3e 0A6. Link to Gungnir Resources Filing: 000168695416000001.

Analysis of Gungnir Resources Offering

On average, companies in the not disclosed sector, sell 67.77% of the total offering amount. Gungnir Resources sold 100.00% of the offering. Could this mean that the trust in Gungnir Resources is high? The average offering size for companies in all industries in our database is $3.05 million. The offering was 98.24% smaller than the average of $3.05 million. Of course this should not be taken as negative. Startups raise funds for a variety of needs and reasons. The minimum investment for this fundraising was 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 Gungnir Resources Also

The Form D signed by Chris Robbins might help Gungnir Resources Inc.’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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