Select Sands Financing
Select Sands Corp., Corporation just filed form D for $8.44 million equity financing. This is a new filing. Select Sands was able to sell $8.44 million. That is 100.00% of the round of financing. The total private offering amount was $8.44 million. The financing form was filed on 2016-11-17. The reason for the financing was: U.S. dollar amount is based on the Bank of Canada noon rate of exchange reported on November 4, 2016, which was Cdn$1.3412=US$1.00..
Select Sands is based in British Columbia – Canada. The filler’s business is not disclosed. The form D was filed by Darren Urquhart Chief Financial Officer. The company was incorporated more than five years ago. The filler’s address is: Suite 310 – 850 W Hastings Street, Vancouver, A1, British Columbia, Canada, V6c 1E1. Rasool Mohammed is the related person in the form and it has address: Suite 310-850 West Hastings Street, Vancouver, A1, British Columbia, Canada, V6c 1E1. Link to Select Sands Filing: 000154624116000003.
Analysis of Select Sands Offering
On average, firms in the not disclosed sector, sell 67.77% of the total offering amount. Select Sands sold 100.00% of the offering. Could this mean that the trust in Select Sands is high? The average investment offering size for companies in all industries in our database is $3.05 million. The total amount raised is 176.81% bigger than the average for companies in the database. The minimum investment for this fundraising is 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 Select Sands Also
The Form D signed by Darren Urquhart might help Select Sands 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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