Neither 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.
Suite 202 – 837 West Hastings Street Vancouver, BC V6C 3N6
[email protected] www.bradesresource.com
TSX VENTURE SYMBOL: BRA SEPTEMBER 15, 2014
1,000,000 DOLLAR FINANCING
BRADES RESOURCE CORP. (“Brades” or “the Company“) (TSXV:BRA; FRANKFURT:B04) Announces a non-brokered private placement financing at an offering price of $0.055 per unit for gross proceeds of 1,000,000 dollars ( the “Private Placement”). Each Unit consists of one common share of the Company (a “Common Share”) and one common share purchase warrant ( the “Warrant”). Each warrant will entitle the holder thereof to acquire one Common Share until 18 months following closing of the Private Placement, at an exercise price of $0.07. Under the terms of the Warrants, the Company has the right to accelerate the expiry date of the Warrants in the event the closing price of the common shares of the Company (the "Common Shares"), as quoted on the TSX Venture Exchange ("TSX-V"), is greater than $0.25 on any twenty consecutive business days. Upon the issuance of a news release by the Company announcing the acceleration of the expiry date, the Warrants will expire at the close of the 30th business day after the date of such news release. The Company has set no minimum number of Units to be distributed and no minimum dollar amount required to be raised in connection to the Private Placement. In connection with the Private Placement, the Company may pay finders' fees to certain arm's length finders in an amount equal to 8% of the proceeds from the sale of the Units.
The gross proceeds of the Private Placement will be used for working capital, general corporate expenses, vendor payments and to undertake further exploration work. The common shares and warrants comprising the Units will be subject to a four-month hold period in accordance with the policies of the TSX Venture Exchange and applicable securities legislation. The Private Placement remains subject to the approval of the TSX Venture Exchange.
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 highgrade 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: 23,455,042 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 the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release includes certain statements that constitute “forward-looking information” within the meaning of applicable securities law, including without limitation, statements that address the timing and content of upcoming work programs, geological interpretations, receipt of property titles and exploitation activities and developments. Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks, including the ability of the Company to raise the funds necessary to fund the option earn-in on the Clearwater West property and, accordingly, may not occur as described herein or at all. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Readers are referred to the Company’s filings with the Canadian securities regulators for information on these and other risk factors, available at www.sedar.com. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.