Bravo Announces Upsizing of Previously Announced Private Placement Offering

About this update from Bravo Mining Corp.

[{"type":"text","content":"\n \n \n \n Bravo Announces Upsizing of Previously Announced Private Placement Offering\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 7, 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 an increase in the size of its previously announced private placement offering (the \"Concurrent Private Placement\") of common shares of the Company (\"Common Shares\"). The size of the Concurrent Private Placement, which is being conducted in addition to the Offering (as defined below) and on a best efforts agency basis, has been increased to up to 1,504,992 Common Shares at a price of\n \n C$3.50\n \n per Common Share for gross proceeds of up to\n \n C$5,267,472\n \n . Assuming completion of the Offering and the Concurrent Private Placement, the aggregate gross proceeds to the Company will be up to\n \n C$25,034,306.50\n \n (if the Over-Allotment Option (as defined below) for the Offering is exercised in full).\n \n \n \n \n \n \n \n \n \n As previously announced in the Company's news releases dated\n \n May 30, 2023\n \n and\n \n June 1, 2023\n \n , the Company is conducting a best efforts public offering 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 (the \"Offering\"). 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 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 nu...

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