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Bronco Announces Closing of First Tranche of Financing
(TheNewswire)   NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DIS...
About this update from Bronco Resources Corp.
[{"type":"text","content":"Bronco Announces Closing of First Tranche of Financing\n(TheNewswire)\n\n \n\n\nNOT FOR DISTRIBUTION TO UNITED STATES\nNEWSWIRE SERVICES\n\n\nOR FOR DISSEMINATION IN THE UNITED\nSTATES\n\n\n\n\n \n\n\nDecember 31, 2025 – TheNewswire\n- BRONCO RESOURCES CORP. (TSX-V:BRON)\n(“Bronco” or the “Company”), is pleased to announce\n that further to its press releases of December\n23, 2025 and December 29, 2025, the Company has completed the first\ntranche of its Financing (the “First Tranche Closing”) through the issuance of\n3,636,365 flow-through\nunits (the \"FT\nUnits\") at\na price of $0.055 per FT Unit for an aggregate gross proceeds of\n$200,000 (the “FT Proceeds”).\n\n\n\n \n\n\nEach FT Unit consists of one common share that\nqualifies as a “flow-through share” within the meaning of\nthe Income Tax\nAct (Canada) and one-half of one\nnon-transferable common share purchase warrant (each whole warrant a\n“Warrant”) with each Warrant exercisable at a price of $0.10 per\nshare until December 31, 2027.\n\n\n \n\n\nIn connection with the First Tranche Closing the\nCompany has paid an aggregate $4,000 in cash and issued 72,727\nnon-transferable finders warrants (each a “Finder Warrant”) to\narm’s length finders. Each Finder Warrant entitles the holder to\nacquire one additional common share in the capital of the Company at a\nprice of $0.10 until December 31, 2027.  \n\n\n \n\n\nAll securities issued pursuant to the First Tranche\nClosing are subject to a statutory four month and one day hold period\nuntil May 1, 2026.\n\n\n \n\n\nThe FT Proceeds will be used by the Company to incur\neligible Canadian exploration expenses that will qualify as\nflow-through mining expenditures to advance the Company’s Placer\nMountain Gold Project in British Columbia. All qualifying expenditures\nwill be renounced in favour of the subscribers of the FT Shares\neffective December 31, 2025.  \n\n\n \n\n\nThe Company anticipates closing the final tranche\nof the  previously announced 2,000,000 units to\nbe issued on a non-flow-through basis (the “NFT Units”) at a\nprice of $0.05 for gross proceeds of up to $100,000 (the\n“NFT Proceeds”) in early Jan...