Diamcor Mining Financing
Diamcor Mining Inc., Corporation just released form D announcing $122,100 equity financing. This is a new filing. Diamcor Mining was able to finance itself with $122,100. That is 100.00% of the financing round. The total financing amount was $122,100. The offering form was filed on 2016-12-01. The reason for the financing was: USD amounts have been converted from CAD using the .7400 Bank of Canada noon exchange rate in effect 11/25/16. Total Offering Amount represents actual proceeds accepted to date. Warrants may be exercised for 1 common share in exchange for CAD$1.60/share..
Diamcor Mining is based in British Columbia – Canada. The firm’s business is not disclosed. The SEC form was filed by Robin Sosnow Attorney-in-fact. The company was incorporated more than five years ago. The filler’s address is: 630-1620 Dickson Avenue, Kelowna, A1, British Columbia, Canada, V1y 9Y2. Dean Taylor is the related person in the form and it has address: 630-1620 Dickson Avenue, Kelowna, A1, British Columbia, Canada, V1y 9Y2. Link to Diamcor Mining Filing: 000148487416000003.
Analysis of Diamcor Mining Offering
On average, firms in the not disclosed sector, sell 67.77% of the total offering size. Diamcor Mining sold 100.00% of the offering. Could this mean that the trust in Diamcor Mining is high? The average financing size for companies in all industries in our database is $3.05 million. The offering was 96.00% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Firms raise funds for different needs and reasons. The minimum investment for this offering was 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 Diamcor Mining Also
The Form D signed by Robin Sosnow might help Diamcor Mining 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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