Viridian Metals raises $382K in private offering
Rhea-AI Filing Summary
Viridian Metals Inc. (VIRMF), a British Columbia, Canada corporation with no revenues, filed a Form D for a completed exempt private offering under Rule 506(b) of Regulation D. The company raised $382,446 USD (CAD$529,305) through equity securities and options, warrants or other rights to acquire another security.
No additional amount remains to be sold and reported finders' fees are $0. The company states that the majority of the proceeds is required to be used only for mining expenditure.
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Key Figures
Total Amount Sold: $382,446 USD
Total Remaining to be Sold: $0 USD
Proceeds in CAD: CAD$529,305
+3 more
6 metrics
Total Amount Sold
$382,446 USD
Reported aggregate amount sold in the exempt offering
Total Remaining to be Sold
$0 USD
Remaining amount in the reported offering
Proceeds in CAD
CAD$529,305
Gross proceeds converted from USD at stated exchange rate
Exchange Rate
1 USD to 1.3840 CAD
Rate used to convert CAD$529,305 to $382,446 USD
Finders’ Fees
$0 USD
Reported finders’ fees for the offering
Date of First Sale
September 4, 2026
First sale date reported in the Form D
Key Terms
Form D, Rule 506(b), Regulation D, accredited investors, +2 more
6 terms
Form D regulatory
"FORM D Notice of Exempt Offering of Securities"
Form D is a short notice filed with the U.S. Securities and Exchange Commission when a company raises money using a private offering exemption instead of a full public registration. Think of it as a public receipt that lists basic facts about the fundraiser—amount sought, how much has been sold, and who the issuer is—without the full audited disclosures of a public offering. Investors use it to spot private financings, assess potential dilution or fundraising activity, and find contact information, but it is not a substitute for detailed due diligence.
Rule 506(b) regulatory
"Rule 506(b) | Rule 506(c) | Securities Act Section 4(a)(5)"
Rule 506(b) is a U.S. securities exemption that lets companies sell shares or debt privately without full public registration, provided sales are primarily to accredited investors, up to 35 non‑accredited but financially knowledgeable buyers, and there is no public advertising or solicitation. It matters to investors because offerings under 506(b) usually include less public disclosure than registered securities—like buying from a private seller rather than a retail store—so buyers must do more of their own fact‑checking and rely on their financial sophistication.
Regulation D regulatory
"if the issuer is claiming a Regulation D exemption for the offering"
Regulation D is a set of rules that govern how companies can raise money from investors without going through the full process required for public stock offerings. It provides simplified options for private placements, making it easier for companies to seek investments from a smaller group of investors. For investors, it offers opportunities to invest in private companies, often with fewer restrictions, but also with different levels of risk and disclosure.
accredited investors regulatory
"securities in the offering have been or may be sold to persons who do not qualify as accredited investors"
Accredited investors are individuals or entities considered to have enough financial knowledge and resources to understand and handle more complex and risky investments. They are often allowed to participate in private investment opportunities that are not available to the general public, similar to how experienced players might access exclusive clubs or events. This status helps ensure that investors can manage potential risks and rewards appropriately.
finders' fees financial
"Finders' Fees $0 USD"
A finders' fee is a payment made to a person or firm that introduces two parties who then complete a business deal, such as a sale, investment or loan. Think of the finder as a matchmaker who gets paid for bringing the parties together; for investors this matters because the fee reduces the deal’s net proceeds, can affect returns, and may signal a potential conflict of interest that should be disclosed.
covered securities regulatory
"if the securities that are the subject of this Form D are "covered securities""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What type of securities did Viridian Metals Inc. (VIRMF) offer in this Form D filing?
Viridian Metals Inc. offered equity securities and options, warrants or other rights to acquire another security in a private placement relying on Rule 506(b) of Regulation D.
How much capital did Viridian Metals Inc. (VIRMF) raise in the exempt offering?
Viridian Metals Inc. reports Total Amount Sold of $382,446 USD, corresponding to CAD$529,305 converted at a rate of 1 USD to 1.3840 CAD. The Total Remaining to be Sold is $0 USD, indicating the reported offering amount is fully placed.
What exemption is Viridian Metals Inc. (VIRMF) using for this securities offering?
Viridian Metals Inc. claims the Rule 506(b) exemption under Regulation D of the Securities Act for this private offering, as indicated in the federal exemptions section of the notice.
How will Viridian Metals Inc. (VIRMF) use the proceeds from this private offering?
The company states that the majority of the proceeds is required to be used only for mining expenditure, indicating a primary focus on funding mining-related activities with the capital raised.
Did Viridian Metals Inc. (VIRMF) pay any finders’ fees or sales commissions in this offering?
Viridian Metals Inc. discloses Finders’ Fees of $0 USD. No separate amount for sales commissions is listed in the provided information.
What is the revenue stage and jurisdiction of Viridian Metals Inc. (VIRMF)?
Viridian Metals Inc. is incorporated in British Columbia, Canada and reports No Revenues in the issuer size section, indicating an early-stage or pre-revenue status.
When did the first sale occur in Viridian Metals Inc. (VIRMF)’s offering?
The notice reports a Date of First Sale of September 4, 2026 for this Rule 506(b) private offering.
AI-generated analysis. How Rhea-AI works. Not financial advice.