Cardero Resource Financing
Cardero Resource Corp., Corporation just released form D for $151,046 equity financing. This is a new filing. Cardero Resource was able to finance itself with $151,046. That is 100.00 % of the offering. The total private financing amount was $151,046. The private financing document was filed on 2015-10-28. The reason for the financing was: U.S. dollar amounts are based on the Bank of Canada noon rate of exchange reported on October 27, 2015, which was Cdn$1.3241=US$1.00..
Cardero Resource is based in British Columbia – Canada. The company’s business is not disclosed. The D form was signed by Marla K Ritchie Corporate Secretary. The company was incorporated more than five years ago. The filler’s address is: 1177 West Hastings Street, Suite 2300, Vancouver, A1, British Columbia, Canada, V6e 2K3. Hendrik Van Alphen is the related person in the form and it has address: Suite 2300 – 1177 West Hastings Street, Vancouver, A1, British Columbia, Canada, V6e 2K3. Link to Cardero Resource Filing: 000106299315005640.
Analysis of Cardero Resource Offering
On average, companies in the not disclosed sector, sell 67.77 % of the total offering amount. Cardero Resource sold 100.00 % of the offering. Could this mean that the trust in Cardero Resource is high? The average investment offering size for companies in all industries in our database is $3.05 million. The offering was 95.05 % smaller than the average of $3.05 million. Of course this should not be taken as negative. Firms get financed 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 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 Cardero Resource Also
The Form D signed by Marla K Ritchie might help Cardero Resource 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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