Buscando Resources arranges $600,000 private placement

Executive Summary

• Buscando Resources Corp. has arranged a private placement offering of up to 4.0 million units under the Limited Issuer Financing Exemption (LIFE).
• The units are priced at $0.15 per unit, with aggregate gross proceeds of up to $600,000.
• Proceeds are intended for exploration activities and general working capital.

Key Details

• Offering Size: Up to 4.0 million units.
• Price: $0.15 per unit.
• Gross Proceeds: Up to $600,000.
• Structure: Each unit consists of one 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.
• Warrant Expiry: 12 months from the closing date.
• Finder’s Fees: The company may pay finders commissions of 8% in cash and 8% in non-transferable share purchase warrants (exercise price of $0.15, expiring 12 months from issuance).
• Use of Proceeds: Exploration activities and general working capital.
• Regulatory Basis: Listed issuer financing exemption under Part 5A of National Instrument 45-106.
• Hold Period: Securities are not subject to a hold period under applicable Canadian securities laws.
• Conditions: Subject to receipt of all necessary approvals, including the Canadian Securities Commission.

Notable Quotes

• None provided in the text.