Form D to Follow: Goldrich Mining Co $750000 Financing. Ted R Sharp Submitted Nov 7 Form D

Goldrich Mining Co - Ted R Sharp

Goldrich Mining Co Financing

Goldrich Mining Co, Corporation just had published form D because of $750,000 equity financing. This is a new filing. Goldrich Mining Co was able to fundraise $10,000 so far. That is 1.33% of the financing offer. The total financing amount was $750,000. The fundraising form was filed on 2016-11-07. The reason for the financing was: (c) include exercise price of warrants. The fundraising still has about $740,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Goldrich Mining Co is based in Washington. The firm’s business is not disclosed. The form D was signed by Ted R Sharp Chief Financial Officer. The company was incorporated more than five years ago. The filler’s address is: 2607 Southeast Blvd, Suite B211, Spokane, Wa, Washington, 99223. William V. Schara is the related person in the form and it has address: 2607 Southeast Boulevard, Suite B211, Spokane, Wa, Washington, 99223. Link to Goldrich Mining Co Filing: 000114036116085363.

Analysis of Goldrich Mining Co Offering

On average, firms in the not disclosed sector, sell 67.77% of the total offering size. Goldrich Mining Co sold 1.33% of the offering. The fundraising is still open. The average investment size for companies in all industries in our database is $3.05 million. The offering was 99.67% smaller than the average of $3.05 million. Of course this should not be seen as negative. Startups raise funds for different 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 Goldrich Mining Co Also

The Form D signed by Ted R Sharp might help Goldrich Mining Co’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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