Business
Damara Announces Flow-Thru Financing for $150,000
(TheNewswire) TheNewswire - December 6, 2021 - DAMARA GOLD CORP. (TSX...
About this update from Bronco Resources Corp.
[{"type":"text","content":"Damara Announces Flow-Thru Financing for $150,000\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n TheNewswire -\n \n \n December 6, 2021 -\n \n \n DAMARA GOLD CORP. (TSXV:DMR) (“\n \n \n Damara\n \n \n ” or the\n“\n \n \n Company\n \n \n ”),\n \n \n announces it\n \n \n will complete a non-brokered private placement (the\n“\n \n \n Offering\n \n \n ”) for gross proceeds of $150,000.\n \n \n \n \n The Offering will consist of 1,666,667 common shares\n of the Company issued on a flow-through basis (the “\n \n \n FT Shares\n \n \n ”) at a\nprice of $0.09 per FT Share for gross proceeds of $150,000 (the\n“\n \n \n FT Proceeds\n \n \n ”)\n \n \n \n \n The Offering remains subject to the approval of the TSX\nVenture Exchange.\n \n \n The FT Proceeds will be used\nby the Company to incur eligible Canadian exploration expenses that\nwill qualify as flow-through mining expenditures to advance the\nCompany’s Placer Mountain Gold Project in British Columbia. All\nqualifying expenditures will be renounced in favour of the subscribers\nof the FT Shares effective December 31, 2021.\n \n \n \n \n All securities issued pursuant to the Offering are\nsubject to a statutory four month and one day hold period from date of\nissuance.\n \n \n \n \n None of the securities sold in\nconnection with the Offering will be registered under the United\nStates Securities Act of 1933, as amended, and no such securities may\nbe offered or sold in the United States absent registration or an\napplicable exemption from the registration requirements. This news\nrelease shall not constitute an offer to sell or the solicitation of\nan offer to buy nor shall there be any sale of the securities in any\njurisdiction in which such offer, solicitation or sale would be\nunlawful.\n \n \n \n \n About Damara\n \n \n \n \n Damara Gold Corp. is a TSX Venture listed mineral\nexploration company actively focused on the exploration of the Placer\nMountain Gold Property, located in Princeton, BC, held by 75%/25% JV\nwith Universal Copper Ltd. Damara’s Board of Directors is seasoned\nin the mineral exploration industry with extensive and successful\ninternational experience.\n \n \n \n \n ON BEHALF OF THE BOARD OF DIRECTORS\nOF DAMARA\n \n \n \n \n “Larry Nagy”\n \n \n \n \n ...