Irving Resources Financing
Irving Resources Inc., Corporation just had published form D announcing $1.30 million equity financing. This is a new filing. Irving Resources was able to finance itself with $1.30 million. That is 100.00% of the fundraising offer. The total fundraising amount was $1.30 million. The form was filed on 2016-11-15. The reason for the financing was: unspecified.
Irving Resources is based in British Columbia – Canada. The firm’s business is not disclosed. The form D was filed by Lisa Sharp CFO and Secretary. The company was incorporated in 2015. The filler’s address is: #810 – 609 Granville Street, Box 10356 Pacific Centre, Vancouver, A1, British Columbia, Canada, V7y 1G5. Akiko Levinson is the related person in the form and it has address: #810-609 Granville Street, Box 10356 Pacific Centre, Vancouver, A1, British Columbia, Canada, V7y 1G5. Link to Irving Resources Filing: 000166678216000003.
Analysis of Irving Resources Offering
On average, companies in the not disclosed sector, sell 67.77% of the total offering size. Irving Resources sold 100.00% of the offering. Could this mean that the trust in Irving Resources is high? The average fundraising size for companies in all industries in our database is $3.05 million. The offering was 57.37% smaller than the average of $3.05 million. Of course this should not be taken as negative. Companies raise funds for a variety of reasons and needs. The minimum investment for this offering 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 Irving Resources Also
The Form D signed by Lisa Sharp might help Irving Resources Inc.’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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