Bronco Announces Closing of First Tranche of Financing

Executive Summary

• Bronco Resources Corp. completed the first tranche of its financing, issuing 3,636,365 flow‑through units at $0.055 each for gross proceeds of $200,000.
• Proceeds will be used to fund eligible Canadian exploration expenses on the Placer Mountain Gold Project in British Columbia.
• The company also issued finder warrants and disclosed an insider participation of 90,909 FT Units; a second (non‑flow‑through) tranche is expected to close in early January 2026.

Key Details

• Units Issued: 3,636,365 flow‑through units (FT Units).
• Price per Unit: $0.055.
• Gross Proceeds: $200,000 (the “FT Proceeds”).
• Unit Composition: Each FT Unit = one common share (flow‑through) + ½ non‑transferable common share purchase warrant (exercisable at $0.10/share until 31 Dec 2027).
• Finder Warrants: 72,727 non‑transferable finder warrants issued; each entitles the holder to acquire one additional common share at $0.10 until 31 Dec 2027.
• Cash Paid to Finders: $4,000 in cash.
• Holding Period: All securities subject to a statutory hold period of four months and one day, expiring 1 May 2026.
• Use of Proceeds: To incur eligible Canadian exploration expenses that qualify as flow‑through mining expenditures for the Placer Mountain Gold Project; expenses will be renounced to FT shareholders effective 31 Dec 2025.
• Insider Participation: Insider purchased 90,909 FT Units (≈ 2.5% of fair market value), qualifying as a related‑party transaction under MI 61‑101 with applicable exemptions.
• Future Tranche: Anticipated closing of final tranche of 2,000,000 non‑flow‑through units at $0.05 per unit for up to $100,000 gross proceeds in early Jan 2026.
• Regulatory Note: Securities not registered under U.S. securities laws; cannot be offered or sold in the United States absent exemption.

Notable Quotes

• “The successful completion of this financing tranche provides us with the capital needed to advance our Placer Mountain Gold Project and demonstrates continued investor confidence in Bronco’s exploration strategy.” – Corbin Stewart, President & CEO.