Form D Action: Trimetals Mining $7722 Fundraising. Ralph Fitch Filed Jul 8 form D

Trimetals Mining Inc. - Ralph Fitch

Trimetals Mining Financing

Trimetals Mining Inc., Corporation just released form D because of $7,722 equity financing. This is a new filing. Trimetals Mining was able to finance itself with $7,722. That is 100.00% of the round of financing. The total financing amount was $7,722. The financing form was filed on 2016-07-08. The reason for the financing was: Sale of 40,000 Units (each Unit consists of one common share of the Company and one half of one common share purchase warrant exercisable at CDN $0.40). Bank of Canada noon exchange rate used as of 7/5/16 of USD $1 to CDN $1.2949..

Trimetals Mining is based in British Columbia – Canada. The firm’s business is not disclosed. The D form was filed by Ralph Fitch President & CEO. The company was incorporated more than five years ago. The filler’s address is: 2755 S. Locust Street, Ste. 117, Denver, Co, Colorado, 80222. Ralph Fitch is the related person in the form and it has address: 2755 S. Locust Street, Ste. 117, Denver, Co, Colorado, 80222. Link to Trimetals Mining Filing: 000139343516000005.

Analysis of Trimetals Mining Offering

On average, companies in the not disclosed sector, sell 67.77% of the total offering size. Trimetals Mining sold 100.00% of the offering. Could this mean that the trust in Trimetals Mining is high? The average financing size for companies in all industries in our database is $3.05 million. The offering was 99.75% 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 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 Trimetals Mining Also

The Form D signed by Ralph Fitch might help Trimetals Mining 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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