Bonanza Mining Corporation Amends Terms of Private Placement
Bonanza Mining Corporation
Suite 1710 – 1177 West Hastings Street
Vancouver, B.C.
V6E 2L3
Trading Symbol: TSX-V: BNZ Telephone: 778-347-2500 Email: [email protected]
Website: www.bonanzamining.com
Bonanza Mining Corporation Amends Terms of Private Placement
Not for dissemination or distribution in the United States and not for distribution to United States
Newswire services
January 2, 2025 – Vancouver, British Columbia: Bonanza Mining Corporation (“Bonanza”) (TSX-V:
BNZ) announces that it has amended certain terms of its best -efforts private placement offering, that was
previously announced on November 8th, 2024 (the “Offering”). Pursuant to the amended terms, the Offering
will now consist of units (“Units”), as opposed to common s hares only. Each Unit will consist of one
common share of Bonanza (a “Common Share”) and one common share purchase warrant (a “Warrant”).
Each Warrant will be exercisable to acquire one Common Share (a “ Warrant Share”) at a price of $0.05
per Warrant Share for a period of 24 months f rom the closing of the Offering, subject to adjustment in
certain events. Pursuant to the amended terms, the Offering will be conducted at a price of $0.025 per Unit,
for gross proceeds of $250,000. Bonanza has also requested an extension from the TSX Venture Exchange
for the closing of the Offering until January 31, 2025.
The Offering will be made available to certain subscribers pursuant to B.C. Instrument 45-536 – “Exemption
from Prospectus Requirement for Certain Distribut ions Through an Investment Dealer ” and in similar
instruments in other jurisdictions in Canada (the “Investment Dealer Exemption”). In accordance with the
requirements of the Investment Dealer Exemption, Bonanza confirms that there is no material fact or
material change about Bonanza that has not been generally disclosed.
Bonanza also provides the following information in connection with the Offering:
(a) the proceeds from the Offering will be used for general working purposes, including
payments to certain non-arm’s length parties for prior and ongoing professional and general
administrative services;
(b) there will be no proposed payments to persons conducting Investor Relations Activities;
and
(c) all securities issued will be subject to the Exch ange Hold Period and will be legended
accordingly.
Finders’ fees or brokers’ commissions may be paid in accordance with TSX Venture Exchange policy. The
payment of any finders’ fees or brokers’ commissions are subject to TSX Venture Exchange acceptance.
The Offering will be subject to all necessary regulatory approvals including acceptance from the TSX
Venture Exchange. All securities issued in connection with the Offering will be subject to a four month
and one day hold period from the closing date under applicable Canadian securities laws, in addition to such
other restrictions as may apply under applicable securities laws of jurisdictions outside of Canada.
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Bonanza anticipates that insiders may subscribe for a portion of the Offering. The participation of insiders
in the private placement would constitute a related party transaction, within the meaning of TSX-V Policy
5.9 and Multilateral Instrument 61-101 – “Protection of Minority Security Holders in Special Transactions”
(“MI 61-101”). Bonanza intends to rely on exemptions from the formal valuation and minority shareholder
approval requirements provided under sections 5.5(a) and 5.7(a) of MI 61 -101 on the basis that the fair
market value (as determined under MI 61 -101) of insider participation in the Offering would not exceed
25% of Bonanza’s market capitalization.
For further information, please contact:
Bonanza Mining Corporation
Suite 1710 – 1177 West Hastings Street
Vancouver, B.C. V6E 2L3
Attention: Dayton Marks, President, CEO and Director
Tel: 778-347-2500
Email: [email protected]
or
Drew Burgess, Director
Tel: 403-383-8254
Email: [email protected]
Cautionary Statements
The securities referred to in this news release have not been, nor will they be, registered under the United
States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or
for the account or benefit of, U.S. pe rsons absent U.S. registration or an applicable exemption from the
U.S. registration requirements. This news release does not constitute an offer for the sale of securities, nor
a solicitation for offers to buy any securities. Any public offering of securities in the United States must be
made by means of a prospectus containing detailed information about the company and management, as
well as financial statements.
This news release contains "forward-looking information" within the meaning of applicable securities laws.
Readers are cautioned to not place undue reliance on forward -looking information. Actual results and
developments may differ materially from those contemplated by these statements. The statements in this
news release are made as of the da te of this news release. Bonanza undertakes no obligation to update
forward-looking information, except as required by securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the T SX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news
release.