Scandium International Mining $150010 Fundraising. Edward Dickinson Filed May 17 SEC Form

May 17, 2018 - By Robert Crowder

Scandium International Mining Financing

Scandium International Mining Corp., Corporation just filed form D regarding $150,010 equity financing. This is a new filing. Scandium International Mining was able to sell $150,010. That is 100.00 % of the financing offer. The total offering amount was $150,010. The form was filed on 2018-05-17. The reason for the financing was: unspecified.

Scandium International Mining is based in Nevada. The firm’s business is not disclosed. The D form was submitted by Edward Dickinson Chief Financial Officer. The company was incorporated more than five years ago. The filler’s address is: #501 – 1430 Greg Street, Sparks, Nv, Nevada, 89431. George Putnam is the related person in the form and it has address: 1430 Greg Street, Suite 501, Sparks, Nv, Nevada, 89431. Link to Scandium International Mining Filing: 000140814618000002.

Analysis of Scandium International Mining Offering

On average, companies in the not disclosed sector, sell 67.77 % of the total offering amount. Scandium International Mining sold 100.00 % of the offering. Could this mean that the trust in Scandium International Mining is high? The average offering size for companies in all industries in our database is $3.05 million. The offering was 95.08 % smaller than the average of $3.05 million. Of course this should not be seen as negative. Firms raise funds 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 Scandium International Mining Also

The Form D signed by Edward Dickinson might help Scandium International Mining Corp.’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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