“Company” ) (CSE: BRCO.X) is pleased to announce that, further to its news r elease of
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BUSCANDO CLOSES ACQUISITION OF 1230439 BC LTD.
VANCOUVER, BRITISH COLUMBIA – April 17, 2025 – Buscando Resources Corp. (“Buscando” or the
“Company” ) (CSE: BRCO.X) is pleased to announce that, further to its news r elease of September 18,
2024, it has closed its previously announced acquisition (the “Acquisition ”) of 1230439 BC Ltd. (“ 123 BC ”)
pursuant to the terms of a share exchange agreement (the “ Share Exchange Agreement ”) among the
Company, 123 BC, and the shareholders of 123 BC (the “123 BC Shareholders ”).
Acquisition Terms
Pursuant to the terms of the Share Exchange Agreement, as consideration for the acquisition of 100% of
the issued and outstanding common shares of 123 BC, the Company has issued an aggregate of 2,250,001
common shares in the capital of the Company (the “ Consideration Shares ”) pro rata to the 123 BC
Shareholders. The Consideration Shares were issued pursuant to the Take-Over Bid and Issuer Bid
prospectus exemption set forth in Section 2.16 of National Instrument 45-106 – Prospectus Exemptions .
The Acquisition constitutes a fundamental change of the Company as defined in the policies of the
Canadian Securities Exchange (the “CSE” ). For further information, please refer to the Company’s filings,
including the CSE Form 2A – Listing Statement (the “Listing Statemen t”) to be filed by the Company, under
its SEDAR+ profile at www.sedarplus.ca .
In accordance with the policies of the CSE, the Con sideration Shares, being classified as Builders Sha res
(as such term is defined in CSE policies) have been deposited into escrow under the terms of a Form 46-
201F1 - Escrow Agreement. In accordance with the terms of the Escrow Agreement, which will be released
from escrow as follows: 10% of the escrowed shares will be released from escrow on the date that is 10
days following public announcement of the results o f the first phase program described in the Listing
Statement, and an additional 15% will be released every six months thereafter.
For further information with respect to the Acquisi tion, please refer to the Share Exchange Agreement,
which will be available on the Company’s profile at www.sedarplus.ca .
About 123 BC
123 BC is a privately held company incorporated pur suant to the Business Corporations Act. (British
Columbia). 123 BC holds the exclusive option to acq uire a 100% interest in the mineral concessions
comprising the “Foggy Mountain Project” located in the Toodoggone historic mining region of Northern
British Columbia, subject to a 2% net smelter return in favour of the Foggy Mountain Property’s optionors.
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About the Company
Buscando Resources Corp. is an exploration company focused on the acquisition, exploration
and development of natural resource properties located in Canada. For more information on
Buscando please contact the Company (+1 250-877-1394 ) or visit the website
www.buscandoresources.com.
On behalf of the Board of Directors,
BUSCANDO RESOURCES CORP.
“Kyler Hardy”
Chief Executive Officer
Tel: +1 250-877-1394
Email: [email protected]
This press release contains "forward-looking inform ation" that is based on the Company's current expec tations, estimates,
forecasts, and projections. This forward-looking in formation includes, among other things, statements with respect to the
completion of the Company's Offering and exploration and development plans. The words "will", "anticipated", "plans" or other
similar words and phrases are intended to identify forward-looking information. Forward-looking statements in this news release
includes statements related to the Acquisition and related matters. Forward-looking information is sub ject to known and
unknown risks, uncertainties and other factors that may cause the Company's actual results, level of a ctivity, performance, or
achievements to be materially different from those expressed or implied by such forward looking information.
Neither the Canadian Securities Exchange nor its Re gulation Services Provider accept responsibility fo r the adequacy or
accuracy of this release.