Northern Dynasty Minerals Financing
Northern Dynasty Minerals Ltd, Corporation just had published form D for $95,009 equity financing. This is a new filing. Northern Dynasty Minerals was able to finance itself with $38,867 so far. That is 40.91% of the offering. The total private financing amount was $95,009. The offering form was filed on 2016-07-12. The reason for the financing was: Total Offering Amount represents Units (110,000 x C$0.45/Unit) plus Warrants underlying the Units (110,000 x C$0.65), converted at US$0.7852. There is no guarantee that the Warrants, expiring June 10, 2021, will be exercised.. The fundraising still has about $56,142 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Northern Dynasty Minerals is based in British Columbia – Canada. The company’s business is not disclosed. The form D was signed by TREVOR THOMAS SECRETARY. The company was incorporated more than five years ago. The filler’s address is: 15Th Floor, 1040 West Georgia Street, Vancouver, A1, British Columbia, Canada, V6e 4H8. Ronald W Thiessen is the related person in the form and it has address: 15Th Floor, 1040 W. Georgia Street, Vancouver, A1, British Columbia, Canada, V6e 4H1. Link to Northern Dynasty Minerals Filing: 000118374016000389.
Analysis of Northern Dynasty Minerals Offering
On average, firms in the not disclosed sector, sell 67.77% of the total offering size. Northern Dynasty Minerals sold 40.91% of the offering. The financing is still open. The average investment size for companies in all industries in our database is $3.05 million. The offering was 98.73% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Firms raise funds for different reasons and needs. The minimum investment for this offering is 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 Northern Dynasty Minerals Also
The Form D signed by TREVOR THOMAS might help Northern Dynasty Minerals Ltd’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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