Business
Bravada Gold Closes Oversubscribed Equity Financing
Vancouver, British Columbia--(Newsfile Corp. - July 23, 2018) - Bravada Gold Corporation (TSXV: BVA) (OTCQB: BGAVF) (FSE: BRTN) (the "Company" or "Bravada") ann
About this update from Bravada Gold Corporation
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - July 23, 2018) - Bravada Gold Corporation (TSXV: BVA) (OTCQB: BGAVF) (FSE: BRTN) (the \"Company\" or \"Bravada\") announces that the previously announced $480,000 non-brokered private placement has been oversubscribed and Bravada will now issue 6,584,000 units (\"Units\") in a non-brokered private placement at a price of $0.08 per Unit for gross proceeds of $526,720. Each Unit consists of one common share and one share purchase warrant, with each warrant exercisable to purchase one additional common share for a period of four years at an exercise price of $0.12 per share. Securities issued pursuant to this private placement, including common shares and share purchase warrants, carry a legend restricting trading of the securities until November 24, 2018. Net proceeds from the private placement will be used for property maintenance fees, permitting fees and associated ancillary costs as well as accounts payable and for working capital. Finders' fees and commissions will be paid by the Company in relation to the units sold in this Offering. President Joe Kizis commented, \"This quick, oversold financing demonstrates staunch support for the Company by our significant shareholders and places Bravada in an enviable position of maintaining its portfolio of high-quality exploration/development projects in Nevada, one of the world's most prolific and attractive gold-mining regions. Bravada owns or controls 1,169 lode mining claims (approximately 9,460 hectares or 23,380 acres or 36 square miles) and has developed attractive drill-ready targets on most of its properties. Permitting has been completed to drill test those targets at Wind Mountain and, subject to posting of bonds, at Quito, SF, and East Manhattan. Consequently, there is strong interest in the Company's eight projects that are still available for joint venture.\" About Bravada Bravada is an exploration company with a portfolio of high-quality properties in Nevada, one of the best mining jurisdictions in the world. During the past 12 years the Company has successfully identified and advanced properties that have the potential to host high-margin deposits while successfully attracting partners to fund later stages of project development. Currently, three of Bravada's eleven Nevada properties are being funded by partners. As well, ...