Nv Gold Financing
Nv Gold Corp, Corporation just filed form D regarding $216,777 equity financing. This is a new filing. Nv Gold was able to sell $108,389 so far. That is 50.00% of the fundraising. The total private offering amount was $216,777. This form was filed on 2016-10-12. The reason for the financing was: Total offering amount includes amount that may be raised from exercise of warrants sold in the offering. Dollar amounts in this report are stated in US dollars and were calculated based on the 0.7633 Bank of Canada noon exchange rate in effect on 9-29-16.. The fundraising still has about $108,388 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Nv Gold is based in British Columbia – Canada. The company’s business is not disclosed. The SEC form was signed by John Watson President & CEO. The company was incorporated more than five years ago. The filler’s address is: Suite 810 – 609 Granville Street, Vancouver, A1, British Columbia, Canada, V7y 1G5. John Watson is the related person in the form and it has address: Suite 810 – 609 Granville Street, Vancouver, A1, British Columbia, Canada, V7y 1G5. Link to Nv Gold Filing: 000160780716000001.
Analysis of Nv Gold Offering
On average, firms in the not disclosed sector, sell 67.77% of the total offering size. Nv Gold sold 50.00% of the offering. The fundraising is still open. The average investment offering size for companies in all industries in our database is $3.05 million. The offering was 96.45% smaller than the average of $3.05 million. Of course this should not be seen as negative. Companies raise funds for a variety of needs and reasons. The minimum investment for this financing 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 Nv Gold Also
The Form D signed by John Watson might help Nv 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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