Northern Freegold Resources Financing
Northern Freegold Resources Ltd, Corporation just submitted form D announcing $74,560 equity financing. This is a new filing. Northern Freegold Resources was able to fundraise $74,560. That is 100.00% of the round of financing. The total fundraising amount was $74,560. The financing form was filed on 2016-11-17. The reason for the financing was: unspecified.
Northern Freegold Resources is based in British Columbia – Canada. The company’s business is not disclosed. The form D was signed by Paul Reynolds President. The company was incorporated more than five years ago. The filler’s address is: #200 – 52A Powell Street, Vancouver, A1, British Columbia, Canada, V6a 1E7. Paul Reynolds is the related person in the form and it has address: #200 – 52A Powell Street, Vancouver, A1, British Columbia, Canada, V6a 1E7. Link to Northern Freegold Resources Filing: 000138747316000003.
Analysis of Northern Freegold Resources Offering
On average, startups in the not disclosed sector, sell 67.77% of the total offering amount. Northern Freegold Resources sold 100.00% of the offering. Could this mean that the trust in Northern Freegold Resources is high? The average financing size for companies in all industries in our database is $3.05 million. The offering was 97.56% smaller than the average of $3.05 million. Of course this should not be taken as negative. Startups get financed 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 Northern Freegold Resources Also
The Form D signed by Paul Reynolds might help Northern Freegold 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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