Buscando increases financing to $1.2-million

Executive Summary

• Buscando Resources Corp. has doubled its total financing target from $600,000 to $1.2 million due to strong investor demand, increasing the size of its Listed Issuer Financing Exemption (LIFE) offering and adding a private placement component.
• The company has closed the first tranche of the LIFE offering on September 8, 2025, raising gross proceeds of $457,550, with the second tranche and private placement anticipated to close on September 19, 2025.
• Proceeds will be utilized for exploration activities, general working capital, acquiring new projects, entering joint ventures for natural hydrogen extraction technologies, and marketing campaigns.

Key Details

• Total Financing Size: Increased to $1.2 million (up from $600,000).
• Unit Structure: Each unit consists of one common share (either LIFE common share or regular common share) and one-half common share purchase warrant.
• Warrant Terms: Each whole warrant entitles the holder to purchase one additional common share at an exercise price of $0.30 per share for a period of 12 months from the closing date.
• LIFE Offering Details:
  • Total units offered: 6.4 million (increased from 4.0 million).
  • Price per unit: $0.15.
  • Hold Period: No hold period (pursuant to Listed Issuer Financing Exemption under National Instrument 45-106).
  • First Tranche: Closed on Sept. 8, 2025, with just over 3.05 million units for gross proceeds of $457,550.
  • Second Tranche: Anticipated to close on Sept. 19, 2025.
• Private Placement (PP) Offering Details:
  • Units: 1.6 million regular common shares.
  • Price per unit: $0.15.
  • Hold Period: Four-month regulatory hold period.
• Use of Proceeds: Exploration activities, general working capital, acquisition of new projects, joint ventures on natural hydrogen extraction technologies, securing contracts with industry leaders, and focused marketing campaigns.
• Finder’s Fees: The company may pay finders a commission of 8% in cash and 8% in non-transferable share purchase warrants (exercise price of $0.15) for a period of 12 months.
• Regulatory Status: Offerings are subject to necessary approvals, including the Canadian Securities Commission. Offering documents are available via SEDAR+ and the company website.

Notable Quotes

• "The management of Buscando is extremely pleased with the strong show of support by the investment community that has resulted in the company doubling its initial financing size," stated Brad Kitchen, Buscando's president. "We have worked to put many of the natural hydrogen initiatives in place and can now proceed with our operating plan. With the proceeds from the two offerings, the company will now be able to complete its current exploration programs, acquire new projects enter into joint ventures on natural hydrogen extraction technologies, secure contracts with the leading individuals in the field, and begin a focused marketing campaign. This all leads to what will be an exciting fall for the company and its supporters."