Today’s Form D Alert: Eco Oro Minerals $2.35 million Financing. Paul Robertson Published Nov 18 Form D

Eco Oro Minerals Corp. - Paul Robertson

Eco Oro Minerals Financing

Eco Oro Minerals Corp., Corporation just had published form D regarding $2.35 million debt financing. This is a new filing. Eco Oro Minerals was able to fundraise $2.35 million. That is 100.00% of the fundraising. The total offering amount was $2.35 million. The form was filed on 2016-11-18. The reason for the financing was: unspecified.

Eco Oro Minerals is based in British Columbia – Canada. The company’s business is not disclosed. The form D was filed by Paul Robertson Chief Financial Officer. The company was incorporated more than five years ago. The filler’s address is: Suite 300, 1055 W. Hastings Street, Vancouver, A1, British Columbia, Canada, V6e 2E9. Anna Stylianides is the related person in the form and it has address: Suite 300, 1055 W. Hastings Street, Vancouver, A1, British Columbia, Canada, V6e 2E9. Link to Eco Oro Minerals Filing: 000140867916000005.

Analysis of Eco Oro Minerals Offering

On average, startups in the not disclosed sector, sell 67.77% of the total offering size. Eco Oro Minerals sold 100.00% of the offering. Could this mean that the trust in Eco Oro Minerals is high? The average fundraising size for companies in all industries in our database is $3.05 million. The offering was 22.95% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Startups get financed for a variety of needs and reasons. The minimum investment for this offering 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 Eco Oro Minerals Also

The Form D signed by Paul Robertson might help Eco Oro Minerals 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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