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Bravo Announces Sizing of Previously Announced Offering for C$20 Million
Bravo Announces Sizing of Previously Announced Offering for C$20 Million Canada NewsWir...
About this update from Bravo Mining Corp.
[{"type":"text","content":"\n \n \n \n Bravo Announces Sizing of Previously Announced Offering for C$20 Million\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWS WIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n June 1, 2023\n \n \n /CNW/ - Bravo Mining Corp. (TSXV: BRVO) (OTCQX: BRVMF)\n \n (\"Bravo\"\n \n or the\n \n \"Company\"\n \n ) is pleased to announce the sizing of its previously announced public offering (the \"Offering\") of common shares of the Company (\"Common Shares\"). The Offering will be conducted on a best efforts agency basis for the issuance of 4,911,015 Common Shares at a price of\n \n C$3.50\n \n per Common Share for gross proceeds of\n \n C$17,188,552.50\n \n . Assuming completion of the Offering and the Concurrent Private Placement (as defined below), the aggregate gross proceeds to the Company will be\n \n C$20,002,500\n \n . Canaccord Genuity Corp., National Bank Financial Inc. and BMO Capital Markets are acting as co-lead agents for the Offering and the Concurrent Private Placement on behalf of a syndicate that includes Cormark Securities Inc. and Raymond James Ltd. (collectively, the \"Agents\").\n \n \n \n \n \n \n \n \n \n The Company has also granted to the Agents an option (the \"Over-Allotment Option\") exercisable, in whole or in part for a period of 30 days from and including the closing date of the Offering to sell up to such number of additional Common Shares at a price of\n \n C$3.50\n \n per Common Share as is equal to 15% of the number of Common Shares issued pursuant to the Offering.\n \n \n The closing of the Offering is expected to occur on or about\n \n June 8, 2023\n \n , or on such date as agreed upon between the Company and the Agents, and is subject to the Company receiving all necessary regulatory approvals, including the approval of the TSX Venture Exchange.\n \n \n In connection with the Offering, the Company intends to file a prospectus supplement (the...