Form D To Observe: Tinka Resources $8.80 million Fundraising. Nick DeMare Filed Nov 16 SEC form

Tinka Resources Ltd - Nick DeMare

Tinka Resources Financing

Tinka Resources Ltd, Corporation just submitted form D regarding $8.80 million equity financing. This is a new filing. Tinka Resources was able to sell $2.19 million so far. That is 24.83% of the round of financing. The total private financing amount was $8.80 million. The private financing document was filed on 2016-11-16. The reason for the financing was: Amounts are based on exchange rate as of November 7, 2016. As of the date of this Notice, there will be no additional sales in the Rule 506 portion of the private placement.. The fundraising still has about $6.62 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Tinka Resources is based in British Columbia – Canada. The company’s business is not disclosed. The form was filed by Nick DeMare CFO, Director. The company was incorporated more than five years ago. The filler’s address is: 1305-1090 West Georgia St, Vancouver, A1, British Columbia, Canada, V6e 3V7. Graham Carman 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 Tinka Resources Filing: 000094935316000133.

Analysis of Tinka Resources Offering

On average, startups in the not disclosed sector, sell 67.77% of the total offering size. Tinka Resources sold 24.83% 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 28.32% smaller than the average of $3.05 million. Of course this should not be seen as negative. Firms get financed for different needs and reasons. The minimum investment for this offering 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 Tinka Resources Also

The Form D signed by Nick DeMare might help Tinka 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment