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The latest announcement is out from Damara Gold ( (TSE:BRON) ).
Bronco Resources Corp. has upsized its previously announced financing, increasing the flow-through unit component to as many as 3,636,365 units at $0.055 each for gross proceeds of up to $200,000, alongside up to 2,000,000 non-flow-through units at $0.05 each for up to $100,000. 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 needs; the financing, which includes potential finder fees and warrants, remains subject to TSX Venture Exchange approval and imposes a statutory hold period on all securities issued.
More about Damara Gold
Bronco Resources Corp. is a Canadian mineral exploration company listed on the TSX Venture Exchange, focused on identifying, acquiring and advancing prospective and under-explored gold properties worldwide. Its board has extensive international experience in the gold exploration sector, with current project work centered on the Placer Mountain Gold Project in British Columbia.
Average Trading Volume: 78,618
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$1.18M
Find detailed analytics on BRON stock on TipRanks’ Stock Analysis page.