Bravada Gold Corporation announced today that the Company has requested a 30 day extension, subject to TSX Venture Exchange approval, to close the previously announced non-middleman private placement. The Company announced that it has closed the first tranche of its previously announced non-middleman private placement by issuing 4,260,000 units at a price of $ 0.07 per unit for gross proceeds of $ 298,200. Each unit is made up of a municipality …
Bravada Gold Corporation (TSXV: BVA) (FSE: BRTN) (the “Company” or “Bravada”) today announced that the Company has requested a 30-day extension, subject to TSXV approval, to close placement.
The Company announced (August 9e, 2021) that it had closed the first tranche of its previously reported non-brokered private placement by issuing 4,260,000 units at a price of $ 0.07 per unit for gross proceeds of $ 298,200. Each unit consists of one common share and one warrant exercisable to purchase one additional common share for a period of two years at an exercise price of $ 0.12 per share.
The net proceeds of the private placement will be used for the pursuit of exploration on the Wind Mountain Au-Ag project, which is 100% owned by the Company, the costs of maintaining the Company’s claims in Nevada and working capital.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the Units, and there will be no sale of the Units in any jurisdiction in which such an offer, solicitation or sale would be illegal before registration or qualification. under the securities laws of such jurisdiction. The Offered Units will not be and have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or on behalf of or for the benefit of an American company. anybody.
Bravada is an exploration company with a portfolio of high quality properties in Nevada, one of the best mining jurisdictions in the world. Bravada has successfully identified and developed properties that may host high margin deposits, frequently attracting partners to fund later stages of project development. Bravada’s value is supported by substantial gold and silver resources with a positive PEA at Wind Mountain, and the Company has significant upside potential with possible new discoveries on its exploration properties.
Since 2005, the Company has signed 32 joint venture property acquisition agreements with 19 publicly traded companies, as well as a similar number of property acquisition agreements with individuals. Bravada currently has 10 projects in its portfolio, comprising 810 claims for approximately 6,500 ha in two of Nevada’s most prolific gold corridors. Most projects contain encouraging gold drill intersections and already have drill targets developed. Several videos are available on the Company’s website that describe Bravada’s main properties, answering questions frequently asked by investors. Just click on this link https://bravadagold.com/projects/project-videos/.
On behalf of the Board of Directors of Bravada Gold Corporation
“Joseph A. Kizis, Jr.”
Joseph A. Kizis, Jr., Director, President, Bravada Gold Corporation
For more information, please visit the Bravada Gold Corporation website at bravadagold.com or contact the company at 604.684.9384 or 775.746.3780.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release may contain forward-looking statements, including, but not limited to, comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of title deeds, potential processes for recovery of minerals, etc. Forward-looking statements deal with future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in these statements. These statements are based on a number of assumptions including, but not limited to, assumptions regarding general economic conditions, interest rates, commodity markets, regulatory and government approvals for the company’s projects; and the availability of funding for the company’s development projects on a reasonable-term basis. Factors that could cause actual results to differ materially from those of forward-looking statements include market prices, operating and exploration successes, timing and receipt of government and regulatory approvals, and the continued availability of the product. capital and financing and general economic, market or business conditions. Bravada Gold Corporation assumes no obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.
This press release is not intended for United States news service or distribution in the United States.
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