Bronco Announces Flow-Thru Financing
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
News Release
Bronco Announces Flow-Thru Financing
December 18, 2024 TSX-V:BRON
BRONCO RESOURCES CORP. (TSX-V:BRON) (“Bronco” or the “Company”), announces it will
complete a non-brokered private placement (the “Financing”) for 225,000 units of the Company
issued on a flow-through basis (the “FT Unit”) at a price of $0.115 per FT Unit for gross proceeds
of up to $25,875 (the “FT Proceeds”).
Each FT Unit will consists of one common share that will qualify as a “flow -through share” within the
meaning of the Income Tax Act (Canada) and one-half of one common share purchase warrant (each
whole warrant a “Warrant”) with each Warrant exercisable at a price of $0.15 per share for a period
of two years following the closing of the Financing.
The FT Proceeds will be used by the Company to incur eligible Canadian exploration expenses that
will qualify as flow -through mining expenditures to advance the Company’s Placer Mountain Gold
Project in British Columbia. All qualifying expenditures will be renounced in favour of the subscribers
of the FT Shares effective December 31, 2024.
The Company may pay finders' fees of 7% cash and 7% finders warrants (“ Finder Warrant”).
Each Finder Warrant will entitle the holder to acquire one additional common share in the capital
of the Company at a price of $0.1 5 for two years following closing of the Financing on the same
terms as the Warrants described hereinabove.
All securities issued pursuant to the Financing are subject to a statutory four month and one day
hold period from date of issuance. The Financing remains subject to the approval of the TSX
Venture Exchange.
None of the securities sold in connection with the Financing will be registered under the United States Securities Act
of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an
applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation
or sale would be unlawful.
About Bronco
Bronco Resources Corp. is a TSX Venture Exchange listed mineral exploration company actively
focused on the exploration of the Placer Mountain Gold Property, located in Princeton, BC, held
by 84%/16% JV with Universal Copper Ltd. Bronco’s Board of Directors is seasoned in the mineral
exploration industry with extensive and successful international experience.
ON BEHALF OF THE BOARD OF DIRECTORS OF BRONCO RESOURCES CORP.
“Corbin Stewart”
Corbin Stewart, President and CEO
For additional information visit Bronco’s website at https:// www.broncoresources.com
or contact:
Bronco Resources Corp.
Corbin Stewart
Chief Executive Officer or
Terese Gieselman
Chief Financial Officer
Ph: (250-717-1840)
Forward-Looking Information
This press release contains certain forward-looking information and forward-looking statements within the meaning of
applicable Canadian securities legislation (collectively, " Forward-looking Statements "). Any statements that are
contained in this press release that are not statements of historical fact may be deemed to be Forward -looking
Statements. Forward -looking Statements are frequently, but not always, identified by words such as "may", "will",
"intends", "proposed", "believes", "continues", "plans", "expects" or similar expressions (or the negative and
grammatical variations of any of these terms). Forward -looking Statements in this press release include, but are not
limited to, statements with respect to: the Financing and the intended use of net proceeds from the Financing; the
Company's resource properties and future capital requirements; and the Company's plans, focus and objectives.
Forward-looking Statements involve various risks and uncertainties and are based on certain factors and assumptions.
Although Bronco’s management considers these beliefs and assumptions reasonable based on currently available
information, there can be no assurance that such statements will prove to be accurate, and actual results and future
events could differ materially from those anticipated in such statements. Forward -looking Statements necessarily
involve known and unknown risks, and important factors, among others, that could cause actual results to differ
materially from the Company's expectations include: uncertainties related to the Company's ability to access investors
for the Financing; the timeliness and success of regulatory approvals; fluctuations in copper and other commodity
prices; uncertainties inherent in the exploration of mineral properties; risks associated with general economic
conditions; changes in legislation, income tax and regulatory matters; currency and interest rate fluctuations; inability
to access sufficient capital from internal and external sources.
Readers are further cautioned not to place undue reliance on Forward -looking Statements as there can be no
assurances that the plans, intentions or expectations upon which they are placed will occur. The Company undertakes
no obligation to update or revise any Forward-looking Statements, whether as a result of new information, future
events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible
for Bronco to predict all of them, or assess the impact of e ach such factor or the extent to which any factor, or
combination of factors, may cause results to differ materially from those contained in any Forward-looking Statement.
Any Forward -looking Statements contained in this press release are expressly qualifi ed in their entirety by this
cautionary statement.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release