Bronco Resources closes private placement

Bronco Resources Closes Private Placement

(TheNewswire)

 

September 21, 2026 – TheNewswire - BRONCO RESOURCES CORP. (TSX-V:BRON) (“Bronco” or the “Company”), is pleased to announce it has closed its previously announced (see news release August 31, 2026) non-brokered private placement (the “Financing”) for gross proceeds of $450,000 through the sale of 9,000,000 units (the “Units”) at the price of $0.05 per Unit. Each Unit consists of one common share (a “Share”) of the Company and one-half of one non-transferable share purchase warrant (each a whole warrant a “Warrant”).  Each Warrant entitles the holder to purchase one additional Share of the Company at a price of $0.10 per share until September 21, 2028 (the “Expiry Date”).

 

The Company paid finders' fees of $17,700 in cash and issued 354,000 non-transferable finders warrants (“Finder Warrant”). Each Finder Warrant entitles the holder to acquire one additional common share in the capital of the Company at a price of $0.10 until September 21, 2028.  

 

All securities issued pursuant to the Financing are subject to a statutory four month and one day hold period until January 22, 2027.  

 

The proceeds from the sale of the Financing will be used to to advance the Company’s Placer Mountain Gold Project in British Columbia and for general working capital.

 

An insider of the Company participated in the Financing for an aggregate amount of 400,000 Units. Such participation is considered a related party transaction under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). In completing such transaction, the Company relied on exemptions from the formal valuation and minority shareholders approval requirements provided under sections 5.5(a) and 5.7(a) of MI 61-101 on the basis that the Insiders’ participation in the Offering did not exceed 25% of the fair market value of the Company.

 

This news release does not constitute an offer to sell or solicitation of an offer to sell any securities in the United States.  The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.