Ascenta Finance 2020 Year in Review
Although 2020 was perhaps one of the worst years in recent history given the global Covid-19 pandemic, it was the best year in Ascenta Finance’s 14 year existence. Ascenta Finance private placements in 2020 were up 224.8%* when comparing the December 31, 2020 closing stock price with the private placement offering price of the 11 private placements which were offered throughout the year and which were (or are now). When focusing on only junior resource private placements, the percentage increases to 272.5%* .
Below is a detailed summary of Ascenta’s 2020 private placements, including some which are not yet publicly traded as well as the bond/debenture offerings that were offered in 2020.
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*Our calculation of gains for 2020 does not include any flow-through units/shares that were offered nor does it include ‘in the money’ share purchase warrants.
This summary does not constitute an offer for sale or a solicitation of an offer to purchase any security. There are a number of risks associated with exempt market investments which can adversely affect an investor’s returns on investment. Investors should review the risks associated with an investment with their legal and financial advisors prior to investing. Past performance is neither a guarantee nor indicator of future results.
Private Placements
Inflection Resources Ltd. (CSE:AUCU)
December 31, 2020 Closing Price as compared to Ascenta Financing Price: +90.8%
Important Dates:
Financing Closing date: January 31, 2020
Securities Free Trading Date: June 1, 2020
Warrant Expiry Date: July 31, 2022
Listing Date: July 16, 2020
Price Info:
High since free trading: $0.63
December 31, 2020 Closing Price: $0.42
Offering Details:
Total Raise: $2,647,300 (pre IPO)
Units @ $0.22 per unit
Each unit consisted of one common share and one share purchase warrant
Each warrant entitled the holder to purchase an additional common share at a price of $0.30 for a period of 30 months from issuance.
Bam Bam Resources Corp. (CSE:BBR)
December 31, 2020 Closing Price as compared to Ascenta Financing Price: +90%
Offering Details:
Total Raise: $1,403,700
Units @ $0.05 per unit (cost post 10:1 consolidation: $0.50)
Each unit consisted of one common share and one share purchase warrant
Each warrant entitled the holder to purchase an additional common share at a price of $0.08 (cost post 10:1 consolidation: $0.80) for a period of 18 months from issuance.
Important Dates:
Financing Closing date: February 25, 2020
Securities Free Trading Date: June 26, 2020
Warrant Expiry Date: August 25, 2021
August 31, 2020: Shares Consolidated on a 10:1 basis
Price Info:
High since free trading: $1.03
December 31, 2020 Closing Price: $0.95
Rokmaster Resources Corp. (TSXV:RKR)
December 31, 2020 Closing Price as compared to 1ST Ascenta Financing Price: +1100%
December 31, 2020 Closing Price as compared to 2nd Ascenta Financing Price: +227%
December 31, 2020 Closing Price as compared to 3rd Ascenta Financing Price: +125%
Offering #1 Details:
Total Raise: $700,000
Units @ $0.06 per unit
Each unit consisted of one common share and one share purchase warrant
Each warrant entitled the holder to purchase an additional common share at a price of $0.10 for a period of 24 months from issuance
Important Dates:
Financing Closing date: January 28, 2020
Securities Free Trading Date: May 29, 2020
Warrant Expiry Date: January 28, 2022
Price Info:
High since free trading: $0.72
December 31, 2020 Closing Price: $0.72
Important Dates:
Financing Closing date: May 22, 2020
Securities Free Trading Date: September 23, 2020
Warrant Expiry Date: May 22. 2023
Price Info:
High since free trading: $0.72
December 31, 2020 Closing Price: $0.72
Offering #2 Details:
Total Raise: $4,346,000.19Units @ $0.22 per unit
Flow-Through Units @ $0.225 per unit
Each unit consisted of one common share and one share purchase warrant. Each Flow-Through Unit consisted of one flow-through share and one share purchase warrant.
Warrants (issued as part of both the Unit and the Flow-Through Unit) entitled the holder to purchase an additional common share at a price of $0.30 for a period of 36 months from issuance.
Offering #3 Details:
Total Raise: $9,124,669.96
Units @ $0.32 per unit
Flow-Through Units @ $0.44 per unit
Each unit consisted of one common share and one share purchase warrant. Each Flow-Through Unit consisted of one flow-through share and one share purchase warrant.
Warrants (issued as part of both the Unit and the Flow-Through Unit) entitled the holder to purchase an additional common share at a price of $0.48 for a period of 24 months from issuance.
Important Dates:
Financing Closing date: December 30, 2020
Securities Free Trading Date: May 1, 2021
Warrant Expiry Date: December 30, 2022
Price Info:
High since financing: $0.72
December 31, 2020 Closing Price: $0.72
Reyna Silver Corp. (TSXV:RSLV)
December 31, 2020 Closing Price as compared to Ascenta Financing Price: +585%
Important Dates:
Financing Closing date: February 19, 2020
Securities Free Trading Date: October 4, 2020
Warrant Expiry Date: February 19, 2022
Post-acquisition resumption of trading date: June 8, 2020
Price Info:
High since free trading: $1.37
December 31, 2020 Closing Price: $1.37
Offering Details:
Total Raise: $5,100,000
Units @ $0.20 per unit
Each unit consisted of one common share and one half of one share purchase warrant
Each whole warrant entitled the holder to purchase an additional common share at a price of $0.45 for a period of 24 months from issuance.
Enviroleach Technologies Inc. (CSE:ETI)
December 31, 2020 Closing Price as compared to Ascenta Financing Price: -30.7%
Offering Details:
Total Raise: $2,508,001
Units @ $0.75 per unit
Each unit consisted of one common share and one share purchase warrant
Each whole warrant entitled the holder to purchase an additional common share at a price of $1.00 for a period of 24 months from issuance.
Important Dates:
Financing Closing date: March 30, 2020
Securities Free Trading Date: July 31, 2020
Warrant Expiry Date: March 30, 2022
Price Info:
High since free trading date: $0.68
December 31, 2020 Closing Price: $0.52
Adastra Lab Holdings Ltd. (CSE:XTRX)
December 31, 2020 Closing Price as compared to Ascenta Financing Price: +53%
Important Dates:
Financing Closing date: July 14, 2020
Securities Free Trading Date: November 15, 2020
Warrant Expiry Date: July 14, 2022
Price Info:
High since free-trading date: $0.48
December 31, 2020 Closing Price: $0.46
Offering Details:
Total Raise: $3,494,400
Units @ $0.30 per unit
Each unit consisted of one common share and one share purchase warrant
Each whole warrant entitled the holder to purchase an additional common share at a price of $0.50 for a period of 24 months from issuance.
Sanatana Resources Inc. (TSXV:STA)
December 31, 2020 Closing Price as compared to Ascenta Financing Price: +100%
Offering Details:
Total Raise: $2,000,000
Non-Flow-Through Units @ $0.10 per unit
Each Non-Flow-Through Unit consisted of one common share and one half of one share purchase warrant
Each whole warrant entitled the holder to purchase an additional common share at a price of $0.18 for a period of 18 months from issuance
Flow-Through Units @ $0.12 per Unit
Each Flow-Through Unit consisted of one flow-through common share and one half of one share purchase warrant
Each whole warrant entitles the holder to purchase an additional common share at a price of $0.20 for a period of 18 months from issuance
Important Dates:
Financing Closing date: August 6, 2020
Securities Free Trading Date: December 6, 2020
Warrant Expiry Date: February 6, 2022
Price Info:
High since free-trading date: $0.21
December 31, 2020 Closing Price: $0.20
Global Battery Metals Ltd. (TSXV:GBML)
December 31, 2020 Closing Price as compared to Ascenta Financing Price: +20%
Offering Details:
Total Raise: $1,035,000
Units @ $0.10 per unit
Each unit consisted of one common share and one share purchase warrant
Each whole warrant entitled the holder to purchase an additional common share at a price of $0.15 for a period of 24 months from issuance
Important Dates:
Financing Closing date: November 10, 2020
Securities Free Trading Date: February 11, 2021|
Warrant Expiry Date: November 10, 2022
Price Info:
High since free trading: TBD
December 31, 2020 Closing Price: $0.12
Outback Goldfields Corp. (CSE:OZ)
December 31, 2020 Closing Price as compared to Ascenta Financing Price: +113%
Offering Details:
Total Raise: $11,406,000
Units @ $0.20 per unit (post 3:1 consolidation cost, $0.60)
Each unit consisted of one common share and one share purchase warrant
Each whole warrant entitled the holder to purchase an additional common share at a price of $0.50 (post 3:1 consolidation cost, $1.50) for a period of 24 months from issuance
Important Dates:
Financing Closing date: November 16, 2020
Securities Free Trading Date: March 17, 2021
Warrant Expiry Date: November 16, 2022
Price Info:
High since free trading: TBD
December 31, 2020 Closing Price: $1.28
Bravo Zulu Drone Defense Inc. (Private)
Offering Details:
Total Raise: $2,463,700
Units @ $0.25 per unit
Each unit consisted of one common share and one half of one share purchase warrant
Each whole warrant entitled the holder to purchase an additional common share at a price of $0.35 for a period of 24 months from issuance
Important Dates:
Financing Closing date: September 11, 2020
Securities Free Trading Date: January 12, 2021
Warrant Expiry Date: September 11, 2022
Notes:
Indrocorp, the parent company of Bravo Zulu, has indicated that it intends to go public during Q2 2021 on Nasdaq.
Midex Resources Ltd.
(Private)
Offering Details:
Total Raise: $1,931,450
Shares @ $0.10 per share
Flow-Through Shares @ $0.10 per flow-through share
Important Dates:
Financing Closing date: September 24, 2020
Securities Free Trading Date: January 25, 2021
Notes:
Midex expects to be trading on the CSE in Q2 2021.
55 North Mining Inc.
(Private)
Offering Details:
Total Raise: $4,426,113
Non-Flow-Through Units @ $0.15 per unit
Flow-Through Units @ $0.20 per unit
Each unit consisted of one common share and one share purchase warrant
Each whole warrant entitled the holder to purchase an additional common share at a price of $0.30 for a period of 48 months from issuance.
Important Dates:
Financing Closing date: December 4, 2020
Securities Free Trading Date: April 5, 2021
Warrant Expiry Date: December 4, 2024
Notes:
A listing for 55 North Mining is pending and is expected for Q1 2020. The Company will trade on the CSE under symbol FFF.
Bond Offerings
NationWide Self Storage & Auto Wash is in the business of building and operating storage and auto wash facilities in BC.
In November, 2020 Ascenta assisting Nationwide in selling out its NationWide IV Self Storage & Auto Wash offering, raising $26,000,000 through the issuance of trust units. The funds will be used for the building and operation of a self storage and auto wash facility to be built in South Surrey, BC.
Trust Units were offered as follows (with the $90 Trust Units being sold first and then moving to the higher priced Units):
$90 Trust Unit yielding a 8.250% preferred base return per annum;
$100 Trust Unit yielding a 7.425% preferred base return per annum; and
$105 Trust Unit yielding a 7.071% preferred base return per annum.
In addition to interest, investor will receive:
Up to 70% participation in the returns exceeding the preferred base return – paid monthly in arrears; and
Up to 70% of the capital appreciation on the disposition of the development property
Interest accrues on the closing of the investment but is not paid out to investors until 15-30 months after closing.
Kontrol Energy Corp. is a public company which trades on the CSE under symbol KNR.
In February, 2020, Ascenta assisted Kontrol in completing an offering of Units, the details of which were as follows:
Units priced at $1,000 per Unit;
Each Unit consisted of:
A $1,000 2-year Debenture, yielding interest at 8% per annum, paid monthly; and
50 Common Shares of Kontrol Energy.
In November, 2020, Kontrol Energy launched a new offering of Units, the details of which are as follows:
Units priced at $1,000 per Unit;
Each Unit consists of:
A $1,000 2-year Debenture, yielding interest of 8% per annum paid monthly PLUS bonus interest of 1% per annum, paid annually; and
10 Common Shares of Kontrol Energy.
The shares of Kontrol Energy had a 2020 high share price of $6.64 and closed the year with a share price of $3.00 per share.
Kontrol Energy has not defaulted on any interest payments or redemptions.
Yesterpay Holdings Inc. is a Calgary-based company which raises funds, via bond offerings, for its sister company, Capital Now Inc., a factoring company serving the oil & gas industry in Western Canada.
In March 2020, Ascenta assisted Yesterpay in completing a Bond Offering. Yesterpay offered four classes of Bonds, the details of which are as follows:
Series C Bonds
1 year term
6.5% interest
Interest paid on the last day of each month
Principal repaid on maturity
Series D Bonds
2 year term
7.5% interest
Interest paid on the last day of each month
Principal repaid on maturity
Series E Bonds
3 year term
8.5% interest
Interest paid on the last day of each month
Principal repaid on maturity
Series F Bonds
3 year term
8.5% interest
Compounded monthly and paid on maturity (making an effective rate of 9.6%)
Yesterpay has not defaulted on any interest payments or redemptions.