Form D Coverage: Uranium Participation $658959 Fundraising. David Cates Released Nov 9 form D

Uranium Participation Corp - David Cates

Uranium Participation Financing

Uranium Participation Corp, Corporation just had published form D for $658,959 equity financing. This is a new filing. Uranium Participation was able to fundraise $658,959. That is 100.00% of the financing round. The total fundraising amount was $658,959. The form was filed on 2016-11-09. The reason for the financing was: U.S. dollar amount is based on the Bank of Canada noon rate of exchange reported on October 27, 2016, which was Cdn$1.3386=US$1.00..

Uranium Participation is based in Ontario – Canada. The company’s business is not disclosed. The form was submitted by David Cates President and CEO. The company was incorporated more than five years ago. The filler’s address is: 40 University Avenue Suite 1100, Toronto, A6, Ontario, Canada, M5j 1T1. David Cates is the related person in the form and it has address: 40 University Avenue Suite 1100, Toronto, A6, Ontario, Canada, M5j 1T1. Link to Uranium Participation Filing: 000132949316000004.

Analysis of Uranium Participation Offering

On average, companies in the not disclosed sector, sell 67.77% of the total offering size. Uranium Participation sold 100.00% of the offering. Could this mean that the trust in Uranium Participation is high? The average offering size for companies in all industries in our database is $3.05 million. The offering was 78.39% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Firms get financed for a variety of 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 Uranium Participation Also

The Form D signed by David Cates might help Uranium Participation 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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