Mawson Resources Financing
Mawson Resources Ltd, Corporation just submitted form D because of $4.02 million equity financing. The date of first sale was 2014-10-10. Mawson Resources was able to finance itself with $1.41 million so far. That is 35.13% of the round of financing. The total financing amount was $4.02 million. The offering form was filed on 2016-11-01. The reason for the financing was: Based on exchange rate for Canadian dollars into United States dollars as of October 21, 2016.. The fundraising still has about $2.61 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Mawson Resources is based in British Columbia – Canada. The filler’s business is not disclosed. The form was filed by Nick DeMare Chief Financial Officer. The company was incorporated more than five years ago. The filler’s address is: 1305 – 1090 West Georgia Street, Vancouver, A1, British Columbia, Canada, V6e 3V7. Michael Hudson is the related person in the form and it has address: 1305 – 1090 West Georgia Street, Vancouver, A1, British Columbia, Canada, V6e 3V7. Link to Mawson Resources Filing: 000094935316000132.
Analysis of Mawson Resources Offering
On average, companies in the not disclosed sector, sell 67.77% of the total offering size. Mawson Resources sold 35.13% 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 53.66% smaller than the average of $3.05 million. Of course this should not be seen as negative. Startups raise funds for a variety of reasons and needs. The minimum investment for this fundraising was 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 Mawson Resources Also
The Form D signed by Nick DeMare might help Mawson Resources 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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