Form D SEC Filing: Solidusgold $119221 Financing. Kara Norman Submitted Jul 12 Form D


Solidusgold Inc. - Kara Norman

Solidusgold Financing

Solidusgold Inc., Corporation just had published form D because of $119,221 equity financing. This is a new filing. Solidusgold was able to sell $119,221. That is 100.00% of the financing offer. The total fundraising amount was $119,221. This form was filed on 2016-07-12. The reason for the financing was: Cdn$1.3090=US$1.00..

Solidusgold is based in British Columbia – Canada. The filler’s business is not disclosed. The form was signed by Kara Norman Chief Financial Officer. The company was incorporated in 2011. The filler’s address is: Suite 2502, 699 Cardero Street, Vancouver, A1, British Columbia, Canada, V6g 3H7. Steven Khan is the related person in the form and it has address: Suite 2502, 699 Cardero Street, Vancouver, A1, British Columbia, Canada, V6g 3H7. Link to Solidusgold Filing: 000114036116072304.

Analysis of Solidusgold Offering

On average, firms in the not disclosed sector, sell 67.77% of the total offering amount. Solidusgold sold 100.00% of the offering. Could this mean that the trust in Solidusgold is high? The average financing size for companies in all industries in our database is $3.05 million. The offering was 96.09% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Companies get financed for different reasons and needs. The minimum investment for this financing was set at $0. If you know more about the reasons for the fundraising, 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 Solidusgold Also

The Form D signed by Kara Norman might help Solidusgold 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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