Tri Origin Exploration Financing
Tri Origin Exploration Ltd., Corporation just had published form D because of $520,414 equity financing. This is a new filing. Tri Origin Exploration was able to sell $307,500 so far. That is 59.09% of the offering. The total private financing amount was $520,414. The financing document was filed on 2016-10-31. The reason for the financing was: Represents offering of units, each unit at CDN$0.07 per unit, each unit consisting of one common share and a half warrant to purchase an additional common share at CDN$0.12 per share, exercisable for 18 months.. The fundraising still has about $212,914 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Tri Origin Exploration is based in Ontario – Canada. The firm’s business is not disclosed. The form D was filed by Robert I Valliant CEO. The company was incorporated more than five years ago. The filler’s address is: 125 Don Hillock Drive, Unit 18, Aurora, A6, Ontario, Canada, L4g 0H8. Robert I. Valliant is the related person in the form and it has address: 125 Don Hill Drive, Unit 18, Aurora, A6, Ontario, Canada, L4g 0H8. Link to Tri Origin Exploration Filing: 000153300216000004.
Analysis of Tri Origin Exploration Offering
On average, companies in the not disclosed sector, sell 67.77% of the total offering size. Tri Origin Exploration sold 59.09% of the offering. The fundraising is still open. The average investment floor size for companies in all industries in our database is $3.05 million. The offering was 89.92% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Firms raise funds for a variety of needs and reasons. The minimum investment for this offering was set at $3500. 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 Tri Origin Exploration Also
The Form D signed by Robert I Valliant might help Tri Origin Exploration 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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