Form D Buzzer: Minecorp Energy $160378 Fundraising. SEAN McGRATH Published Nov 7 Form D

Minecorp Energy Ltd. - SEAN McGRATH

Minecorp Energy Financing

Minecorp Energy Ltd., Corporation just released form D for $160,378 equity financing. This is a new filing. Minecorp Energy was able to fundraise $160,378. That is 100.00% of the round of financing. The total offering amount was $160,378. The financing document was filed on 2016-11-07. The reason for the financing was: Total Offering Amount represents aggregate offering price of 2,863,000 Common Shares at CAD$0.075 per Share converted at CAD$1.00=US$0.7469..

Minecorp Energy is based in British Columbia – Canada. The company’s business is not disclosed. The form D was filed by SEAN McGRATH CFO. The company was incorporated more than five years ago. The filler’s address is: #315 – 837 West Hastings Street, Vancouver, A1, British Columbia, Canada, V6c 3N6. George W Heard is the related person in the form and it has address: #315 – 837 West Hastings Street, Vancouver, A1, British Columbia, Canada, V6c 3N6. Link to Minecorp Energy Filing: 000118374016000462.

Analysis of Minecorp Energy Offering

On average, companies in the not disclosed sector, sell 67.77% of the total offering amount. Minecorp Energy sold 100.00% of the offering. Could this mean that the trust in Minecorp Energy is high? The average financing size for companies in all industries in our database is $3.05 million. The offering was 94.74% smaller than the average of $3.05 million. Of course this should not be seen as negative. Businesses get financed for different needs and reasons. The minimum investment for this financing 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 Minecorp Energy Also

The Form D signed by SEAN McGRATH might help Minecorp Energy 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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