Form D of The Day: New Jersey Mining Co $794750 Fundraising. John Swallow Filed Jul 11 Filing

New Jersey Mining Co - John Swallow

New Jersey Mining Co Financing

New Jersey Mining Co, Corporation just released form D because of $794,750 debt financing. This is a new filing. New Jersey Mining Co was able to fundraise $112,500 so far. That is 14.16% of the round of financing. The total fundraising amount was $794,750. The fundraising form was filed on 2016-07-11. The reason for the financing was: unspecified. The fundraising still has about $682,250 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

New Jersey Mining Co is based in Idaho. The firm’s business is not disclosed. The form was submitted by John Swallow President. The company was incorporated more than five years ago. The filler’s address is: 201 N. Third Street, Coeur D’alene, Id, Idaho, 83814. John Swallow is the related person in the form and it has address: 201 N. Third Street, Coeur D’alene, Id, Idaho, 83814. Link to New Jersey Mining Co Filing: 000105291816001149.

Analysis of New Jersey Mining Co Offering

On average, firms in the not disclosed sector, sell 67.77% of the total offering size. New Jersey Mining Co sold 14.16% 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 96.31% smaller than the average of $3.05 million. Of course this should not be taken as negative. Businesses get financed for a variety of reasons and needs. The minimum investment for this offering was set at $37400. 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 New Jersey Mining Co Also

The Form D signed by John Swallow might help New Jersey Mining Co’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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