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Damara Gold ( (TSE:BRON) ) just unveiled an update.
Bronco Resources Corp. has announced a non-brokered private placement financing of up to $210,000, comprising up to 2,000,000 flow-through units at $0.055 and up to 2,000,000 non-flow-through units at $0.05, each unit including one common share and one-half of a warrant exercisable at $0.10 for two years. The flow-through proceeds will fund eligible Canadian exploration expenditures at the company’s Placer Mountain Gold Project in British Columbia, while the non-flow-through proceeds will support general working capital and administrative costs; the financing, which may include finder’s fees and is subject to TSX Venture Exchange approval, is intended to strengthen Bronco’s balance sheet and advance its flagship gold exploration asset, potentially enhancing its positioning in the junior mining sector.
More about Damara Gold
Bronco Resources Corp. is a TSX Venture Exchange-listed mineral exploration company focused on advancing the Placer Mountain Gold Property near Princeton, British Columbia, in which it holds an 84% interest in joint venture with Universal Copper Ltd. The company is led by a board of directors with extensive international experience in the mineral exploration industry, positioning it as an early-stage gold explorer in the Canadian resource sector.
Average Trading Volume: 84,440
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$1.33M
For a thorough assessment of BRON stock, go to TipRanks’ Stock Analysis page.