Damara Announces Completion of Consolidation and Name Change
301 – 1665 Ellis Street Kelowna, BC V1Y 2B3
Phone: (250) 717-1840 • www.damaragoldcorp.com
NEWS RELEASE
Damara Announces Completion of Consolidation and Name Change
July 16, 2024 TSX-V: DMR
DAMARA GOLD CORP. (TSX -V:DMR) (“Damara” or the “Company”), announces that further to its
news release of May 13, 2024, the Company has received TSX Venture Exchange (the “Exchange”)
acceptance for its proposed Consolidation and Name Change.
The Company intends to consolidate its issued and outstanding common shares (the “ Common
Shares“) on the basis of four (4) pre -consolidated Common Shares for each one (1) new post -
consolidated Common Share (the “ Consolidation“) effective July 1 8, 2024. As a result , the pre-
Consolidation issued and outstanding 73,515,389 Common Shares will be come approximately
18,378,775 post-Consolidation. In the event that the number of post-Consolidation Common Shares
held by a shareholder is not evenly divided by four, the number of post-Consolidation Common Shares
issued to such shareholder will be rounded down to the next lesser whole number.
The exercise or conversion price, as applicable, and the number of Common Shares issuable under
any of the Company's outstanding convertible instruments, have been proportionately adjusted as a
result of the Consolidation.
Shareholders who hold their Common Shares in uncertificated form (including Common Shares held
through a brokerage account and/or not represented by a physical share certificate) will have their
holdings automatically adjusted by the Company's transfer agent or by their brokerage firms, banks,
trust or other nominees. Such holders do not need to take any additional actions to exchange their
pre-Consolidation Common Shares for post -Consolidation Common Shares. Letters of transmittal
have been mailed to all registered shareholders holding physical share certificates with instructions on
how to exchange existing share certificates for new share certificates. A copy of the letter of transmittal
will also available on the SEDAR website at www.sedarplus.ca.
In connection with the Consolidation the Company has also changed its name to “Bronco Resources
Corp.” and will begin trading under its new name at the market opening on Thursday, July 18, 2024
under the symbol “BRON”.
The Company's new CUSIP number is 111911103 and its new ISIN number is CA1119111039.
About Damara
Damara Gold 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. Damara’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 DAMARA
“Corbin Stewart”
Corbin Stewart, President and CEO
301 – 1665 Ellis Street Kelowna, BC V1Y 2B3
Phone: (250) 717-1840 • www.damaragoldcorp.com
For additional information visit Damara’s website at www.damaragoldcorp.com or contact:
Damara Gold Corp.
Corbin Stewart
Chief Executive Officer or
Terese Gieselman
Chief Financial Officer
Ph: (250-717-1840)
Disclaimer for Forward-Looking Information
This news release contains statements that constitute "forward -looking Information", as such term is
used in applicable Canadian securities laws . Such forward -looking information involves known and
unknown risks, uncertainties and other factors that may cause the Company’s actual results,
performance or achievements or developments in the industry to differ materially from the anticipated
results, performance or achievements expressed or implied by such forward -looking information.
Forward-looking information includes statements that are not historical facts and are generally, but not
always, identified by the words "expects," "plans," "anticipates," "believes," " intends," "estimates,"
"projects," "potential" and similar expressions, or that events or conditions "will," "would," "may,"
"could" or "should" occur.
Although the Company believes the forward -looking information contained in this news release is
reasonable based on information available on the date hereof, by its nature forward-looking information
involves assumptions and known and unknown risks, uncertainties and other factors which may cause
our actual results, level of activity, performance or achievements, or other future events, to be
materially different from any future results, performance or achievements expressed or implied by
such forward-looking information.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS
THE EXPECTATIONS OF DAMARA AS OF THE DATE OF THIS PRESS RELEASE AND,
ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE
UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON
THIS INFORMATION AS OF ANY OTHER DATE. WHILE DAMARA MAY ELECT TO, IT DOES NOT
UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS
REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
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