Skyharbour Resources $1.12 million Fundraising. Jordan Trimble Submitted Sep 11 D Form

September 14, 2018 - By Tina Thibodeau

Skyharbour Resources Financing

Skyharbour Resources Ltd, Corporation just released form D announcing $1.12 million equity financing. This is a new filing. Skyharbour Resources was able to sell $449,243 so far. That is 40.26 % of the fundraising offer. The total private offering amount was $1.12 million. The private financing document was filed on 2018-09-11. The reason for the financing was: Total Offering Amount equals the price of units, consisting of common shares (1449172 x C$.40|US$.31) plus the exercise price of the underlying warrants (1449172 x C$.60|US$.46). There is no assurance the warrants, expiring Aug 2, 2020, will be exercised.. The fundraising still has about $666,619 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Skyharbour Resources is based in British Columbia – Canada. The firm’s business is not disclosed. The SEC form was signed by Jordan Trimble President & CEO. The company was incorporated more than five years ago. The filler’s address is: 1610-777 Dunsmuir Street, Vancouver, A1, British Columbia, Canada, V7y 1K4. Jordan C Trimble is the related person in the form and it has address: 1610-777 Dunsmuir Street, Vancouver, A1, British Columbia, Canada, V7y 1K4. Link to Skyharbour Resources Filing: 000118374018000155.

Analysis of Skyharbour Resources Offering

On average, firms in the not disclosed sector, sell 67.77 % of the total offering size. Skyharbour Resources sold 40.26 % of the offering. The fundraising is still open. The average investment size for companies in all industries in our database is $3.05 million. The offering was 85.27 % smaller than the average of $3.05 million. Of course this should not be taken as negative. Startups raise funds for different reasons and needs. The minimum investment for this fundraising 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 Skyharbour Resources Also

The Form D signed by Jordan Trimble might help Skyharbour Resources Ltd’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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