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Damara Gold ( (TSE:BRON) ) just unveiled an announcement.
Bronco Resources Corp. has closed the first tranche of its recent financing, raising $200,000 through the issuance of 3,636,365 flow-through units priced at $0.055, each comprising a flow-through common share and half a warrant exercisable at $0.10 until the end of 2027, with finder fees paid in cash and warrants and all securities subject to a four-month-plus-one-day hold period. The proceeds are earmarked for eligible Canadian exploration expenditures to advance the Placer Mountain Gold Project in British Columbia, with an additional non-flow-through tranche of up to $100,000 expected in early January 2026 and insider participation treated as a related-party transaction under Canadian securities rules, underscoring ongoing financial support for the company’s exploration strategy and regulatory compliance for minority shareholder protection.
More about Damara Gold
Bronco Resources Corp. is a TSX Venture-listed Canadian mineral exploration company focused on identifying, acquiring and advancing prospective, under-explored gold properties worldwide. The company is led by a board with extensive international experience in the gold exploration industry and is currently advancing its Placer Mountain Gold Project in British Columbia.
Average Trading Volume: 75,782
Technical Sentiment Signal: Sell
Current Market Cap: C$1.62M
Learn more about BRON stock on TipRanks’ Stock Analysis page.