Brades Closes Second and Final Tranche of Private Placement
Suite 202 – 837 West Hastings Street Vancouver, BC V6C 3N6
[email protected] www.bradesresource.com
TSX VENTURE SYMBOL: BRA November 7, 2014
Brades Closes Second and Final Tranche of Private Placement
BRADES RESOURCE CORP. (“Brades” or the “Company”) (TSXV: BRA; FRANKFURT: B04) is pleased to announce the Second and Final Tranche closing of the non-brokered Private Placement of 1,963,636 units raising gross proceeds of $108,000 announced September 15, 2014. Each unit was priced at $0.055 per unit and was comprised of one common share and one share purchase warrant entitling the holder to acquire an additional common share at a price of $0.07 per share for a period of 18 months from the date of closing of the non-brokered Private Placement.
Total commissions of $6,880 were payable in conjunction with the Second Tranche of the Private Placement.
The securities issued are subject to a hold period expiring March 8, 2015.
About Brades Resource Corp.
Brades Resource Corp is a Canadian-based resource company focused on gold in British Columbia and uranium in Saskatchewan's Athabasca Basin - the world's largest source of high-grade uranium. The company has a joint venture with Fission 3.0 Corp. to explore Fission’s Clearwater West property at which Fission’s award-winning technical team will be the Operator. Brades also has a large, strategically located property at Lorne Lake in the Athabasca Basin and a gold project in British Columbia.
On behalf of the board, Shares issued: 41,432,769 Brian Biles, Director www.bradesresource.com For information contact: Brian Biles, Director Tel: 604 687 -7742 [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.