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The latest update is out from Damara Gold ( (TSE:BRON) ).
Bronco Resources Corp. has boosted the size of its previously announced financing, expanding the non-flow-through unit component to include up to 2.8 million units priced at $0.05 each, for potential additional gross proceeds of $140,000. Each unit will comprise one common share and half a warrant exercisable at $0.10 for two years, with proceeds earmarked for general working capital and administrative costs; the company may pay standard finder’s fees, the securities will be subject to a four-month-plus-one-day hold, and the overall financing remains contingent on approval from the TSX Venture Exchange, underscoring Bronco’s ongoing efforts to shore up liquidity to support its gold exploration strategy.
More about Damara Gold
Bronco Resources Corp. is a Canadian public company listed on the TSX Venture Exchange, led by a board with extensive mineral exploration experience and focused on identifying, acquiring and advancing prospective, under-explored gold properties worldwide.
Average Trading Volume: 57,927
Technical Sentiment Signal: Sell
Current Market Cap: C$1.77M
See more data about BRON stock on TipRanks’ Stock Analysis page.