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12/31/13

Tough market for junior explorecos?

Yup, tough market. This from Anconia Resources (ANA.v) on December 20th:

Anconia Resources Corp. (TSX VENTURE:ARA) ("Anconia" or the "Company") announces that it proposes to complete a non-brokered private placement offering (the "Offering") of units ("Units") and flow-through units ("Flow-Through Units"), at a subscription price of $0.10 per Unit and $0.12 per Flow-Through Unit, for aggregate gross proceeds of up to $2,100,000. continues here
And this from Anconia Resources (ANA.v) post-close Dec 31st:
Anconia Resources Corp. (TSX VENTURE:ARA) ("Anconia" or the "Company") is pleased to announce the closing of the first tranche of its previously announced non-brokered private placement offering (the "Offering") (see the Company's news release dated December 20, 2013) issuing 416,665 flow-through units ("Flow-Through Units") at $0.12 per Flow-Through Unit, for aggregate gross proceeds of $50,000. continues here
Nuff said

UPDATE: Or if you prefer, here's Cadillac Ventures (CDC.v) from November 25th
TORONTO, ONTARIO--(Marketwired - Nov 25, 2013) - Cadillac Ventures Inc. (TSX VENTURE:CDC) (CADIF) ("Cadillac" or the "Company") announces that it intends to complete a non-brokered private placement offering of units ("Units") at Cdn$0.05 per Unit and flow-through units ("FT Units") at Cdn$0.06 per FT Unit for aggregate gross proceeds of up to Cdn$1.5 million (the "Offering"). continues here
And here's Cadillac Ventures (CDC.v) six weeks later today, post-close Dec 31st:
TORONTO, ONTARIO--(Marketwired - Dec 31, 2013) - Cadillac Ventures Inc. (TSX VENTURE:CDC) (CADIF) ("Cadillac" or the "Company") is pleased to announce the closing of the first tranche of its previously announced non-brokered private placement offering of units ("Units") at Cdn$0.05 per Unit and flow-through units ("FT Units") at Cdn$0.06 per FT Unit, issuing 200,000 Units and 2,090,666 FT Units for aggregate gross proceeds of $135,440 (the "Offering"). continues here
Nuff nuff said.