Buscando Resources Corp. Announces Closing of Private Placement Financing
Buscando Resources Corp. Announces Closing of Private Placement Financing
Vancouver, British Columbia, October 3 , 2022 – Buscando Resources Corp. (“ Buscando” or the
“Company”) (CSE:BRCO; OTCQB: BRCOF) is pleased to announce that, further to its news release dated
September 23, 2022, it has closed a non -brokered private placement offering of 1,750,000 Units of the
Company (the “Units”) at a price of $0.10 per Unit (the “Offering”) for gross proceeds of $175,000.
Each Unit is comprised of one common share of the Company (a “ Common Share”) and one Common
Share purchase warrant (a “Warrant”). Each Warrant shall be exercisable to acquire one Common Share
(a “Warrant Share”) at a price of $0.20 per Warrant Share for a period of 24 months from the closing of
the Offering. If the closing price of the Common Shares is at a price equal to or greater than $0.20 for a
period of ten consecutive trading days, Buscando will have the right to accelerate the expiry date of the
warrants by giving notice, via a news release, to the holders of the Warrants that the Warrants will expire
on the date that is 30 days after the issuance of said news release.
Proceeds from the Offering will be used for exploration, corporate development, and gener al working
capital purposes. All securities issued pursuant to the Offering are subject to a four -month hold period
under applicable Canadian securities laws.
About Buscando Resources Corp
Buscando Resources Corp. is a mineral exploration company focused on the acquisition, exploration and
development of copper properties in Canada. The Company has an option to acquire a 100% interest in
the Rupert Property which covers approximately 2,500 hectares on northern Vancouver Island, British
Columbia.
Contact Information
For more information, please contact:
Kyler Hardy – Chief Executive Officer
E-mail: [email protected]
Cautionary note regarding forward-looking statements
This press release contains statements which constitute “forward‐looking information” within the meaning
of applicable securities laws. Forward‐looking information is often identified by the words “may,” “would,”
“could,” “should,” “will,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “expe ct” or similar
expressions. Readers are cautioned that forward‐looking information is not based on historical facts but
instead reflects the Company’s management’s expectations, estimates or projections concerning the
business of the Company’s future resul ts or events based on the opinions, assumptions and estimates of
management considered reasonable at the date the statements are made. Although the Company believes
that the expectations reflected in such forward‐looking information are reasonable, such in formation
involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown
or unpredictable factors could have material adverse effects on future results, performance or
achievements. Among the key factors that coul d cause actual results to differ materially from those
projected in the forward‐looking information are the following: changes in general economic, business and
political conditions, including changes in the financial markets; decreases in the prevailing p rices for
products in the markets that the Company operates in; adverse changes in applicable laws or adverse
changes in the application or enforcement of current laws; regulations and enforcement priorities of
governmental authorities; compliance with gov ernment regulation and related costs; and other risks
described in the Prospectus. Should one or more of these risks or uncertainties materialize, or should
assumptions underlying the forward‐looking information prove incorrect, actual results may vary
materially from those described herein as intended, planned, anticipated, believed, estimated or expected.
Although the Company has attempted to identify important risks, uncertainties and factors which could
cause actual results to differ materially, there m ay be others that cause results not to be as anticipated,
estimated or intended. The Company does not intend, and does not assume any obligation, to update this
forward‐looking information except as otherwise required by applicable law