Aben Resources Financing
Aben Resources Ltd., Corporation just had published form D regarding $14,006 equity financing. This is a new filing. Aben Resources was able to fundraise $8,404 so far. That is 60.00% of the financing round. The total offering amount was $14,006. The financing form was filed on 2016-11-10. The reason for the financing was: Total Offering Amount represents aggregate offering price of units (150,000 x C$0.075) plus the exercise price of the underlying warrants (75,000 x C$0.10), converted at C$1.00=US$0.747. There is no guarantee that the warrants will be exercised.. The fundraising still has about $5,602 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Aben Resources is based in British Columbia – Canada. The firm’s business is not disclosed. The form D was signed by James Pettit President and CEO. The company was incorporated more than five years ago. The filler’s address is: 1610 – 777 Dunsmuir Street, Vancouver, A1, British Columbia, Canada, V7y 1K4. Donald C Huston is the related person in the form and it has address: 1610-777 Dunsmuir Street, Vancouver, A1, British Columbia, Canada, V7y 1K4. Link to Aben Resources Filing: 000118374016000463.
Analysis of Aben Resources Offering
On average, companies in the not disclosed sector, sell 67.77% of the total offering amount. Aben Resources sold 60.00% of the offering. The fundraising is still open. The average investment offering size for companies in all industries in our database is $3.05 million. The offering was 99.72% smaller than the average of $3.05 million. Of course this should not be seen as negative. Businesses raise funds for a variety of reasons and needs. The minimum investment for this fundraising is 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 Aben Resources Also
The Form D signed by James Pettit might help Aben 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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