SEC Form D Coverage: Summit Point Uranium $7505 Financing. Kathleen Jones-Bartels Published Oct 31 Filing

Summit Point Uranium Corp - Kathleen Jones-Bartels

Summit Point Uranium Financing

Summit Point Uranium Corp, Corporation just submitted form D regarding $7,505 equity financing. This is a new filing. Summit Point Uranium was able to fundraise $7,505. That is 100.00% of the offering. The total offering amount was $7,505. The form was filed on 2016-10-31. The reason for the financing was: unspecified.

Summit Point Uranium is based in British Columbia – Canada. The company’s business is not disclosed. The form D was filed by Kathleen Jones-Bartels Corporate Secretary. The company was incorporated more than five years ago. The filler’s address is: 2390 – 1055 West Hastings St., Vancouver, A1, British Columbia, Canada, V6e 2E9. Todd Hilditch is the related person in the form and it has address: 2390 – 1055 West Hastings St., Vancouver, A1, British Columbia, Canada, V6e 2E9. Link to Summit Point Uranium Filing: 000114036116084077.

Analysis of Summit Point Uranium Offering

On average, companies in the not disclosed sector, sell 67.77% of the total offering size. Summit Point Uranium sold 100.00% of the offering. Could this mean that the trust in Summit Point Uranium is high? The average investment offering 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 interpreted as negative. Companies raise funds for a variety of needs and reasons. The minimum investment for this offering 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 Summit Point Uranium Also

The Form D signed by Kathleen Jones-Bartels might help Summit Point Uranium Corp’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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