M.C is now $54.03 million At .74 cents must be near the bottom now?
HighGold was listed on the TSX Venture Exchange in September 2019 under the ticker “HIGH”.
Concurrent with its listing, the Company completed a non-brokered private placement of $7,650,000.
Since its inception, the Company has raised over $54.2 million in five rounds of financing, in addition to $6 million through exercise of warrants, as shown in the table below:
Date Amount $C Shares Issued Price $C Warrants August 20, 2019 (1) $200,000 1,000,000 $0.20 ½ @ $0.45 5-year term September 23, 2019 $7,650,000 17,000,000 $0.45 ½ @ $0.70 2-year term December 5, 2019 (2) $2,304,000 1,280,000 $1.80 N/A December 5, 2019 $7,000,000 5,600,000 $1.25 N/A July 28, 2020 $13,800,166 7,976,975 $1.73 N/A July 28, 2020 (3) $772,445 446,500 $1.73 N/A December 23, 2020 (2) $3,000,000 1,500,000 $2.00 N/A December 23, 2020 (2,3) $700,000 350,000 $2.00 N/A October 27, 2021(4) $18,800,000 12,750,000 $1.60 N/A
(1) Seed round completed by management and directors.
(2) Flow-through financing at premium to market.
(3) Side-car financing pursuant to existing investor rights agreement with strategic shareholder.
(4) Two-part financing – a $13,800,000 prospectus offering bought deal and $5,000,000 private placement to an existing strategic shareholder.
In other words the companys MC is now worth the same amoun they have raised, a real screwy movie or is it the movie :
SCREAM the comedy of errors. LOL.