(TheNewswire)
July 16, 2024 – TheNewswire - DAMARA GOLD CORP.(TSX-V:DMR) (“ Damara ” or the “ Company ”), announces that further to its news release ofMay 13, 2024, the Company has received TSX Venture Exchange (the“ Exchange ”) acceptance for its proposed Consolidation and NameChange.
The Company intends to consolidate its issued andoutstanding common shares (the “ CommonShares “) on the basis of four (4)pre-consolidated Common Shares for each one (1) new post-consolidatedCommon Share (the “ Consolidation “) effective July18, 2024. As a result, the pre-Consolidationissued and outstanding 73,515,389 CommonShares will become approximately 18,378,775post-Consolidation. In the event that thenumber of post-Consolidation Common Shares held by a shareholder isnot evenly divided by four, the number of post-Consolidation CommonShares issued to such shareholder will be rounded down to the nextlesser whole number.
The exercise or conversion price, as applicable, andthe number of Common Shares issuable under any of the Company'soutstanding convertible instruments, have been proportionatelyadjusted as a result of the Consolidation.
Share holders who hold theirCommon Shares in uncertificated form (including Common Shares heldthrough a brokerage account and/or not represented by a physical sharecertificate) will have their holdings automatically adjusted by theCompany's transfer agent or by their brokerage firms, banks, trust orother nominees. Such holders do not need to take any additionalactions to exchange their pre-Consolidation Common Shares forpost-Consolidation Common Shares. Letters of transmittal have beenmailed to all registered shareholders holding physical sharecertificates with instructions on how to exchange existing sharecertificates for new share certificates. A copy of the letter oftransmittal will also available on the SEDAR website at www.sedarplus.ca .
In connection with the Consolidation the Company hasalso changed its name to “Bronco Resources Corp.” and will begintrading under its new name at the market opening on Thursday, July 18,2024 under the symbol “ BRON ”.
The Company's new CUSIP number is 111911103 and its new ISIN number is CA1119111039.
About Damara
Damara Gold Corp. is a TSX Venture Exchange listedmineral exploration company actively focused on the exploration of thePlacer Mountain Gold Property, located in Princeton, BC, held by84%/16% JV with Universal Copper Ltd. Damara’s Board of Directors isseasoned in the mineral exploration industry with extensive andsuccessful international experience.
ON BEHALF OF THE BOARD OF DIRECTORSOF DAMARA
“Corbin Stewart”
Corbin Stewart, President and CEO
For additional information visit Damara’s website at www.damaragoldcorp.com or contact:
Damara Gold Corp.
Corbin Stewart
Chief Executive Officer or
Terese Gieselman
Chief Financial Officer
Ph: (250-717-1840)
Disclaimer for Forward-LookingInformation
This news release contains statements that constitute"forward-looking Information", as suchterm is used in applicable Canadian securities laws . Such forward-looking information involves known andunknown risks, uncertainties and other factors that may cause theCompany’s actual results, performance or achievements ordevelopments in the industry to differ materially from the anticipatedresults, performance or achievements expressed or implied by suchforward-looking information. Forward-looking information includesstatements that are not historical facts and aregenerally, but not always, identified by the words"expects," "plans," "anticipates,""believes," "intends," "estimates,""projects," "potential" and similar expressions,or that events or conditions "will," "would,""may," "could" or "should" occur.
Although the Company believes the forward-lookinginformation contained in this news release is reasonable based oninformation available on the date hereof, by its natureforward-looking information involves assumptions and known and unknownrisks, uncertainties and other factors which may cause our actualresults, level of activity, performance or achievements, or otherfuture events, to be materially different from any future results,performance or achievements expressed or implied by suchforward-looking information.
THE FORWARD-LOOKING INFORMATIONCONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF DAMARAAS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TOCHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ONFORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATIONAS OF ANY OTHER DATE. WHILE DAMARA MAY ELECT TO, IT DOES NOT UNDERTAKETO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIREDIN ACCORDANCE WITH APPLICABLE LAWS.
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this press release
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