A Manex Resource Group Company
A Manex Resource Group Company
February 24, 2017 BVA:TSX.V
Stuttgart: BRTN
OTCQB: BGAVF
NR-03-17
Bravada Gold Corporation Closes Second Tranche of Non-Brokered Private
Placement; Extends Closing of the Final Tranche
Bravada Gold Corporation (the “Company” or “Bravada”) announces that the Company has closed the
second tranche of its previously reported non -brokered private placement by issuing 466,605 units at a
price of $0.20 per unit for gross proceeds of $ 93,321. Each unit consists of one common share and one
share purchase warrant exercisable to purchase one additi onal common share for a period of three
years at an exercise price of $0.30 per share. Securities issued pursuant to this tranche of the private
placement, including common shares and share purchase warrants carry a legend restricting trading of
the securities until June 24, 2017.
Bravada also reports that it has received approval from the TSX Venture Exchange for a 30 day extension
to close the final tranche of this Private Placement.
About Bravada
Bravada is an exploration company with a portfolio of high-quality properties in Nevada, one of the best
mining jurisdictions in the world. During the past 1 2 years, the Company has successfully identified and
advanced properties that have the potential to host high -margin deposits while successfully attracting
partners to fund later stages of project development. Currently, five of its Nevada properties are being
funded by partners, which in aggregate include earn -in work expenditures of up to $6.5 million and
payments to Bravada of up to +$3.0 million in cash and shares, with Bravada retaining residual working
or royalty interests.
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On behalf of the Board of Directors of Bravada Gold Corporation
“Joseph A. Kizis, Jr.”
Joseph A. Kizis, Jr., Director, President, Bravada Gold Corporation
For further information, please visit Bravada Gold Corporation’s website at bravadagold.com or contact the
Company at 604.684.9384 or 775.746.3780.
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 may contain forward -looking statements including but not limited to comments regarding the timing and content of upcoming
work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward -looking statements
address future events and conditions and therefore involve inherent risks and uncert ainties. Actual results may differ materially from those
currently anticipated in such statements. These statements are based on a number of assumptions, including, but not limited t o, assumptions
regarding general economic conditions, interest rates, comm odity markets, regulatory and governmental approvals for the company’s projects,
and the availability of financing for the company’s development projects on reasonable terms. Factors that could cause actual results to differ
materially from those in forwar d 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 busi ness
conditions. Bravada Gold Corporation does not assume any obligation to update or revise its forward -looking statements, whether as a result of
new information, future events or otherwise, except to the extent required by applicable law.