Avalon Advanced Materials $1.96 million Financing. RJ Jim Anhttps://bzweekly.com/2018/01/18/avalon-advanced-materials-1-96-million-financing-rj-jim-anderson-released-jan-18-form-d/
January 18, 2018 - By Clifton Ray
Avalon Advanced Materials Financing
Avalon Advanced Materials Inc., Corporation just released form D about $1.96 million equity financing. This is a new filing. Avalon Advanced Materials was able to sell $1.21 million so far. That is 61.54 % of the fundraising offer. The total private offering amount was $1.96 million. The form was filed on 2018-01-18. The reason for the financing was: (c) represents maximum potential exercise price of U.S. warrants; Cdn$1.00=US$0.805468. The fundraising still has about $755,126 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Avalon Advanced Materials is based in Ontario – Canada. The firm’s business is not disclosed. The form D was signed by RJ Jim Anderson VP Finance, CFO and Corporate Secretary. The company was incorporated more than five years ago. The filler’s address is: Suite 1901 – 130 Adelaide Street West, Toronto, A6, Ontario, Canada, M5h 3P5. Donald S. Bubar is the related person in the form and it has address: Suite 1901, 130 Adelaide Street W., Toronto, A6, Ontario, Canada, M5h 3P5. Link to Avalon Advanced Materials Filing: 000106299318000241.
Analysis of Avalon Advanced Materials Offering
On average, firms in the not disclosed sector, sell 67.77 % of the total offering amount. Avalon Advanced Materials sold 61.54 % of the offering. The financing is still open. The average offering amount for companies in all industries in our database is $3.05 million. The offering was 60.39 % smaller than the average of $3.05 million. Of course this should not be taken as negative. Firms get financed for a variety of needs and reasons. 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 Avalon Advanced Materials Also
The Form D signed by RJ Jim Anderson might help Avalon Advanced Materials 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.