Bravo Announces Upsizing of Previously Announced Private Placement Offering
NEWS RELEASE
7 June 2023
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Bravo Announces Upsizing of Previously Announced Private Placement Offering
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, June 7, 2023 – Bravo Mining Corp. (TSX.V: BRVO, OTCQX: BRVMF) (“Bravo” or the “ Company”) 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 C$3.50 per Common
Share for gross proceeds of up to C$5,267,472. Assuming completion of the Offering and the Concurrent Private
Placement, the aggregate gross proceeds to the Company will be up to C$25,034,306.50 (if the Over-Allotment
Option (as defined below) for the Offering is exercised in full).
As previously announced in the Company’s news releases dated May 3 0, 2023 and June 1, 2023, the Company is
conducting a best efforts public offering of 4,911,015 Common Shares at a price of C$3.50 per Common Share for
gross proceeds of C$17,188,552.50 (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”).
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 C$3.50 per Common Share as is equal to 15% of the number of Common
Shares issued pursuant to the Offering.
The closing of the Offering is expected to occur on or about June 8, 2023, 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. The closing of the Concurrent Private Placement is expected to occur
on or about June 15, 2023 and is subject to the Company receiving all necessary regulatory approvals, including
the approval of the TSX Venture Exchange.
In connection with the Offering, the Company has filed a prospectus supplement (the “Supplement”) to the
Company’s short form base shelf prospectus dated May 16, 2023 (the “Shelf Prospectus”), with the securities
regulatory authorities in each of the provinces of Canada (except Quebec). Copies of the S helf Prospectus and
Supplement can be found under the Company’s profile on SEDAR at www.sedar.com. The Shelf Prospectus and
the Supplement contain important detailed information about the Company and the Offering including the
proposed use of proceeds therefrom. Prospective investors should read the Supplement and accompanying Shelf
Prospectus and the documents incorporated by reference therein before making an investment decision.
The Common Shares have not been and will not be registered under the United States Securities Act of 1933, as
amended (the “U.S. Securities Act”) and may not be offered or sold in the United States absent registration or an
applicable exemption from the registratio n requirements under the U.S. Securities Act and applicable states
securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall
there be any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Bravo Mining Corp.
Bravo is a Canada and Brazil -based mineral exploration and development company focused on advancing its
Luanga PGM + Au + Ni Project in the world-class Carajás Mineral Province of Brazil.
NEWS RELEASE
7 June 2023
2 | P a g e
The Luanga Project benefits from being in a location close to operating mines, with excellent access and proximity
to existing infrastructure, including road, rail and clean and renewable hydro grid power. The project area was
previously de -forested for agricultural grazing land. Bravo’s current Environmental, Social and Governance
activities includes replanting trees in the project area, hiring and contracting locally, engagement with local
communities, and ensuring protection of the environment during its exploration activities.
For further information about Bravo, please visit www.bravomining.com or contact:
Alex Penha
EVP Corporate Development
Forward-Looking Statements
Certain statements (“forward -looking statements”) in this news release contain forward -looking information
concerning the Offering and the Concurrent Private Placement, the size of the Offering and the Concurrent Private
Placement, the use of proceeds thereof, the anticipated closing dates of the Offering and the Concurrent Private
Placement, and the receipt of regulatory app rovals, including the approval of the TSX Venture Exchange, plans
related to Bravo’s business and other matters that may occur in the future, made as of the date of this news
release. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other
factors which could cause actual events or results to differ from those expressed or implied by the forward-looking
statements. Such factors include, but are not limited to business closures, quarantines and a general reduct ion in
consumer activity; actual results and timing of exploration and development, mining, environmental services and
remediation and reclamation activities; future prices of commodities; possible variations in mineral resources,
grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour
disputes and other risks of the mining industry; indigenous rights and title; continued capitalization and
commercial viability; global economic conditions; competition; and delays in obtaining governmental approvals or
financing or in the completion of development activities. Forward -looking statements are based on certain
assumptions that management believes are reasonable at the time they are made. In making the forward-looking
statements included in this news release, Bravo has applied several material assumptions, including, but not
limited to, the assumption that Bravo will be able to raise additional capital as necessary, that the proposed
exploration and development activities will proceed as planned, and that market fundamentals will result in
sustained demand and prices for platinum group metals, gold and nickel. There can be no assurance that forward-
looking statements will prove to be accurate and actual results and future events could differ materially from those
anticipated in such statements. Bravo expressly disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information, future events o r otherwise, except as
otherwise required by applicable securities legislation
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this Press release.