Kootenay Zinc Financing
Kootenay Zinc Corp., Corporation just had published form D announcing $55,829 equity financing. This is a new filing. Kootenay Zinc was able to fundraise $55,829. That is 100.00% of the offering. The total private offering amount was $55,829. This form was filed on 2016-11-17. The reason for the financing was: unspecified.
Kootenay Zinc is based in British Columbia – Canada. The filler’s business is not disclosed. The D form was submitted by Anthony Jackson Director. The company was incorporated in 2015. The filler’s address is: 800-1199 West Hasting Street, Vancouver, A1, British Columbia, Canada, V6e3t5. Anthony Jackson is the related person in the form and it has address: 800-1199 West Hastings Street, Vancouver, A1, British Columbia, Canada, V6e3t5. Link to Kootenay Zinc Filing: 000169005816000001.
Analysis of Kootenay Zinc Offering
On average, startups in the not disclosed sector, sell 67.77% of the total offering size. Kootenay Zinc sold 100.00% of the offering. Could this mean that the trust in Kootenay Zinc is high? The average fundraising size for companies in all industries in our database is $3.05 million. The offering was 98.17% smaller than the average of $3.05 million. Of course this should not be taken as negative. Firms raise funds for different needs and reasons. The minimum investment for this financing was set at $5000. 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 Kootenay Zinc Also
The Form D signed by Anthony Jackson might help Kootenay Zinc 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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