Bonanza signs property agreements, cancels financings

Executive Summary

• Bonanza Mining Corp. entered into two new mineral‑property purchase and sale agreements for the Shag and Frog properties, issuing a total of ~4.2 million common shares and securing 3% NSR royalties.
• The company terminated its previously announced unit private placement (C$0.025/unit) and flow‑through unit private placement (C$0.03/unit), and is negotiating a replacement working‑capital financing.

Key Details

• Shag Property (BC – Golden district): New agreement issues 2,000,000 common shares to director Christopher Graf; 3% net smelter return royalty granted to him.
• Frog Property (BC – Liard district): New agreement issues 2,200,000 common shares split between Graf and an arm‑length individual; 3% NSR royalty granted to both parties.
• Prior option agreements: cash payments of $80k/$75k made (shortfalls of $30k and $50k); share issuances of 475,000 each (shortfall of 200,000 shares each); expenditures incurred $517k/$931k (shortfalls of $483k and $69k).
• Both agreements remain subject to formal acceptance by the TSX Venture Exchange.
• Private Placement Termination: Unit private placement at $0.025 per unit and flow‑through unit private placement at $0.03 per unit were terminated as previously announced (Nov 14, 2025).
• Company is actively negotiating a replacement working‑capital private placement; details will be disclosed when available.

Notable Quotes

(No direct quotes provided in the release.)