Original News Release
Buscando Resources arranges $600,000 private placement
Mr. Brad Kitchen reports
BUSCANDO ARRANGES A 4.0 MILLION UNIT LIFE FINANCING AT $0.15 PER UNIT
Buscando Resources Corp. has arranged a private placement offering of up to 4.0 million company units, priced at 15 cents per unit, on a best efforts agency basis. Each unit comprises one LIFE (limited issuer financing exemption) common share of the company and one-half common share purchase warrant, with each whole warrant entitling its holder to purchase one additional common share at a price of 30 cents for a period of 12 months from the closing date for the aggregate subscription price of up to $600,000, upon and subject to the terms and conditions of subscription for LIFE units of Buscando Resources Corp.
The company intends to use the proceeds from the offering for exploration activities and general working capital. The offering is subject to certain conditions, including, but not limited to, receipt of all necessary approvals, including the approval of the Canadian Securities Commission.
The company may pay eligible finders fees on the offering within the amount permitted by the policies of the CSE. The company may pay certain finders commissions of 8 per cent in cash and 8 per cent in non-transferable share purchase warrants at an exercise price 15 cents per finder's warrant share for a period of 12 months from the date of issuance.
The offering is being completed pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106, Prospectus Exemptions, and therefore the securities issued in the offering will not be subject to a hold period in accordance with applicable Canadian securities laws. There will be an offering document related to the offering that will be available under the company's profile on SEDAR+ and on the company's website. Prospective investors should read this offering document before making an investment decision.
About Buscando Resources Corp.
Buscando Resources is an exploration company focused on the acquisition, exploration and development of natural resource properties located in Canada.
We seek Safe Harbor.
View at source ↗