Buscando Increases Size of Private Placement
LEGAL_44791547.3
BUSCANDO INCREASES SIZE OF PRIVATE PLACEMENT
VANCOUVER, BRITISH COLUMBIA – November 20, 2024 – Buscando Resources Corp. (“Buscando” or the
“Company” ) (CSE: BRCO.X) is very pleased to announce that, further to its news release dated September
18, 2024, it has increased by 20%, the reserved pri ncipal amount of its non-brokered private placement
(the “Offering ”) to 6,000,000 units (the “Units ”) at a price of $0.10 per Unit, for aggregate gross proceeds
of $600,000. Furthermore, the Canadian Securities Exchange has granted an extension to close the
Offering until November 25, 2024.
Each Unit consists of one common share in the capit al of the Company (the “Shares ”) and one common
share purchase warrant (the “Warrants ”). Each Warrant will entitle the holder to acquir e one common
Share (the “Warrant Shares ”) at an exercise price of $0.15 per common Share for a period of twelve (12)
months from the closing date, subject to an acceleration clause in the event the trading price of the Shares
equals or exceeds $0.25 for a period of ten (10) consecutive days.
In connection with the Financing, the Company may p ay a cash finder's fee of 8% and issue 8% finder's
warrants (the " Finder's Warrants "). The Finder's Warrants will be exercisable into common shares for a
period of twelve (12) months at an exercise price of $0.15 per common share with the same acceleration
clause as the Warrants.
All securities issued in connection with the Offering or subject to a restricted hold period of four months
and one day from the date of closing of the Offering under applicable securities legislation.
The Company intends to use the proceeds raised from the Offering for general administrative Company
expenses and may be used for exploration work on th e Foggy Mountain Copper Project in British
Columbia.
The securities issued pursuant to the Offering have not, 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. persons in the absence of U.S. registration or an applicable exemption from
the U.S. 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 t he securities in the United States or in any other
jurisdiction in which such offer, solicitation or sale would be unlawful.
The closing of the Offering and the above mentioned Foggy Mountain acquisition are both subject to CSE
approval.
LEGAL_44791547.3
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 Transaction, receipt of all necessary regulatory approvals to the Transaction, satisfaction of
the conditions precedent to the Transaction, closing of the Offering, the intended use of proceeds from the Offering, the payment
of finders’ fees and issuance of securities in conn ection therewith and related matters. Forward-looking information is subject
to known and unknown risks, uncertainties and other factors that may cause the Company's actual result s, level of activity,
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.