Crowdfunding
Ascenta Finance operates a registered Crowdfunding Portal called Ascenta Opportunities.
Crowdfunding legislation allows Ascenta Opportunities to introduce the average Canadian investor access to those early stage, ground floor, investment opportunities which were previously only available to friends & family of Company founders or accredited investors.
Current Listings
Up to 1,600 Retractable Preferred Shares priced at $500 per Retractable Preferred Share to raise up to $800,000.
Minimum Order: 1 Retractable Preferred Share: $500
Maximum Order: 5 Retractable Preferred Shares: $2,500
Retraction: Subject to the Company acquiring the Lincoln Property, at any time after the Company has received at least two thousand (2,000) ounces of gold mined from the Property from mining or any streaming, lease or other agreement, any holder of a Retractable Preferred Share may require Charger to purchase from the holder the whole of the Retractable Preferred Shares held by such holder by payment of one (1) ounce of gold for each Retractable Preferred Share.
Optional Conversion: At anytime up to 5 years from the issuance of the Retractable Preferred Shares, the holders of Retractable Preferred Shares may exchange each Retractable Preferred Share, which has not been previously retracted, for 500 Common Shares of Charger.
Automatic Conversion: If Charger’s common shares become listed on a recognized exchange, any Retractable Preferred Shares which have not been retracted or otherwise converted, will immediately convert to Units at no cost to the holder. Each Unit will consist of one common share and one share purchase warrant. The number of Units per Retractable Preferred Share will be $500 divided by a price equal to the maximum discount allowed by the Exchange with the warrant exercise price equal to 1.25 times the initial listing price of the Issuer’s shares on the recognized exchange. The warrants may be exercised for up to 2 years after the issue date.
Use of Proceeds:
Proceeds of the maximum ($800,000) offering will be used for:
land acquisition & development ($150,000)
finders’ commission ($64,000)
legal & accounting ($10,000)
general working capital ($576,000)
Closed Crowdfunding Offerings
Amount raised via Crowdfunding: $39,050
Number of Crowdfunding Investors: 17
Funds Raised in this Offering via all prospectus exemptions: $6,652,075
Securities Offered: Units priced at $0.55 per Unit. Each Unit consists of one common share (a "Share") and one half of one share purchase warrant (each whole warrant, a "Warrant") and one liquidity dilution warrant (“Liquidity Warrant”)
Each Warrant will be exercisable at $0.85 for a period expiring the earlier of:
12 months from a public listing liquidity event, or
10 business days from the date that the Company provides written notice of a sale liquidity event
In the event that EnerPure has not completed a public listing liquidity event or a sales liquidity event on or before the date that is 12 months after the final closing date of the Offering, each Liquidity Warrant will entitled the holder to an additional 0.1 Shares
Current Company Status: Private
End of Crowdfunding Campaign: October 17, 2023
Amount raised via Crowdfunding: $4,620
Number of Crowdfunding Investors: 8
Funds Raised in this Offering via all prospectus exemptions: $1,139,160
Securities Offered: Units priced at $0.22 consisting of one common share and one half of one share purchase warrant. Each whole share purchase warrant is exercisable for an additional common share at a price of $0.40 for a period of 24 months from the date of issuance.
End of Crowdfunding Campaign: May 5, 2023
Current Company Status: Public - trading on the CSE under symbol “REDC”
(formerly Oberon Uranium)
Amount raised via Crowdfunding: $75,050
Number of Crowdfunding Investors: 128
Funds Raised in this Offering via all prospectus exemptions: $399,000
Securities Offered: Units priced at $0.20 consisting of one common share and one share purchase warrant. Each share purchase warrant is exercisable for an additional common share at a price of $0.35 for a period of 24 months from the date of issuance.
End of Crowdfunding Campaign: March 31, 2022
Current Company Status: Public - trading on the CSE under symbol “EATH”
Amount raised via Crowdfunding: $82,000
Number of Crowdfunding Investors: 38
Funds Raised in this Offering via all prospectus exemptions: $2,298,500
Securities Offered: Units priced at $0.40 with each Unit consisting of one common share and one share purchase warrant. Each share purchase warrant is exercisable for an additional common share of the Company at a price of C$0.70 per share for a period expiring the earlier of: (i) 12 months from an public listing liquidity event or, (ii) 10 business days of the date that the Company provides written notice of a sale liquidity event.
End of Crowdfunding Campaign: March 31, 2022
Current Company Status: Private
Amount raised via Crowdfunding: $28,550
Number of Crowdfunding Investors: 63
Funds Raised in this Offering via other prospectus exemptions: $1,386,774.15
Securities Offered: Units priced at $0.15 consisting of one common share and one half of one share purchase warrant. Each whole share purchase warrant is exercisable for an additional common share at a price of $0.30 for a period of 24 months from the date of issuance.
End of Crowdfunding Campaign: March 15, 2022
Current Company Status: Private