Bronco Resources Closes Private Placement

Bronco Resources Corp. (BRON) closed a non-brokered private placement on September 21, 2026, raising gross proceeds of $450,000. The company issued 9,000,000 units at $0.05 per unit. Each unit comprises one common share and one-half of a non-transferable warrant, equating to one whole warrant per two units.

The warrant terms allow the purchase of one additional share at $0.10 per share until September 21, 2028. Proceeds are designated for advancing the Placer Mountain Gold Project in British Columbia and for general working capital.

An insider participated in the financing, purchasing 400,000 units. This is classified as a related party transaction under Multilateral Instrument 61-101. Finders' fees of $17,700 were paid in cash, accompanied by 354,000 non-transferable finder warrants exercisable at $0.10 until September 21, 2028.

All securities carry a statutory hold period of four months and one day, expiring on January 22, 2027.

Bronco Resources Corp. (BRON) announced the closing of its financing on August 31, 2026, with the September 21 date marking the routine execution of the previously disclosed transaction. The company raised $450,000, an incremental and expected amount intended to provide necessary short-term liquidity.

The financing is highly dilutive, adding 9,000,000 new shares and 4,500,000 warrants to the capital structure. At a price of $0.05, this represents a significant increase in outstanding shares. Insider participation was minimal, with only 400,000 units purchased out of the 9,000,000 total units offered.

The proceeds extend the company's cash runway but do not resolve its structural capital deficiency. Given the company's pre-revenue status and explicit going concern flag, this financing serves as a stopgap measure rather than a transformative event. The market impact is expected to be neutral to slightly positive in the short term, as the market had already priced in the need for capital. The stock has traded in a tight $0.04-$0.07 range, reflecting the routine nature of the transaction.

Bronco Resources Corp. (BRON) is a pre-revenue junior exploration company focused on the Placer Mountain Gold Project in the Similkameen Mining District of British Columbia. The project spans 17,036 hectares and features pervasive logging roads that provide low-cost access. The company holds an 87% interest, with plans to acquire 100% upon completion of the 2025 exploration program.

Recent exploration highlights include rock sampling returning 55.0 g/t Au and 149.0 g/t Ag at the Kodiak Zone extension, as well as widespread gold anomalism in soil sampling. The company is utilizing Photon Assay technology, which has shown significantly higher gold grades compared to conventional fire assay on historic drill core, suggesting potential grade upgrades in future drilling. No mineral resources or reserves have been defined to date, and the project remains in the grassroots exploration and discovery stage.