Bravada Closes Previously Announced Non- Brokered Private Placement
Bravada Closes Previously Announced Non-
Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - June 23, 2025) - Bravada Gold Corporation (TSXV:
BVA) (FSE: BRTN) ("Bravada" or "Company") announces that it has closed the second tranche of its
previously announced non-brokered private placement by issuing 14,248,667 units ("Units") for
proceeds of $427,460 and, along with the first tranche closing, has now issued a final total of 35,954,000
Units at a price of $0.03 per Unit for gross proceeds of $1,078,620 (the "Offering"). Each Unit consists
of one common share and one share purchase warrant, exercisable to purchase one additional common
share at a price of $0.05 for 3 years.
Securities issued pursuant to the second tranche closing include common shares, share purchase
warrants and non-transferable finder warrants issued as finders' fees, all of which carry a legend
restricting trading of the securities until October 21, 2025. The Company paid finders' fees in the
Offering comprised of an aggregate $20,434.80 cash and 681,160 finder warrants, with each finder
warrant exercisable to purchase one common share for a period of three years at an exercise price of
$0.05 per share. The Offering and payment of finders' fees is subject to TSX Venture Exchange
acceptance.
Net proceeds from the Offering will be used to conduct a Pre-feasibility Study ("PFS") of the Wind
Mountain gold/silver deposit in NW Nevada (approximately 65%). Net proceeds will also cover Annual
Federal claim-holding fees (15%), and general working capital (approximately 20%, with 14% of general
working capital payable to non-arm's length parties). No amounts are proposed to be spent on investor
relations activities.
Bravada's 2022 Preliminary Economic Assessment ("PEA") demonstrated favorable economics for an
open-pit mining operation utilizing a limited heap-leach pad for a portion of the Pit-delineated Indicated
Resource as a Phase I operation. Subsequent studies identified a larger Phase II heap-leach pad site
for the remainder of the Indicated Resource and potentially additional near-surface, oxide gold
mineralization that, with further delineation drilling, could be added to the Phase II pad to extend mine-
life.
President Joe Kizis commented,
"The Company believes a dramatic increase in precious metal
prices and a more favourable permitting environment in the U.S. justify advancing Wind Mountain to
the PFS stage. In-pit Indicated Resource that is shown to be economic via a PFS will be reclassified
as more valuable Probable Reserves, which should add value to the Company. A PFS-level mine
plan and economic study are required to begin mine-permitting in Nevada.
With a still-valid geologic model of gold and silver mineralization from the 2022 PEA and two
identified heap-leach pad sites, initial engineering studies are expected to begin by the end of June
with the initial focus of re-designing an open-pit utilizing higher metal prices and updated estimated
costs in order to calculate an updated In-pit Resource."
About Bravada
Bravada is a long-established exploration and development company with a portfolio of high-quality
properties in Nevada, one of the best mining jurisdictions in the world. Utilizing a modified joint-venture
business model, Bravada has successfully identified and advanced properties with the potential to host
high-margin deposits while successfully attracting partners to fund later stages of project development.
Bravada's value is underpinned by a substantial gold and silver resource with a positive PEA study at
Wind Mountain, and the Company has significant upside potential from possible new discoveries at its
exploration properties.
Since 2005, the Company has signed 33 earn-in joint-venture agreements for its properties with 20
publicly traded companies, as well as a similar number of property-acquisition agreements with private
individuals. Bravada currently has eight projects in its portfolio, consisting of 756 claims for
approximately 5,600 ha in two of Nevada's most prolific gold trends. Most of the projects host
encouraging drill intercepts of gold and already have drill targets developed.
Several videos are available on the Company's website that describe Bravada's major properties,
answering investor commonly asked questions. Simply click on this link
https://bravadagold.com/projects/project-videos/
.
Joseph Anthony Kizis, Jr. (AIPG CPG-11513), the President and a Director of Bravada Gold
Corporation, is the qualified person responsible for reviewing and preparing the technical data
presented in this release and has approved its disclosure.
On behalf of the Board of Directors
Joseph A. Kizis, Jr., Director, President, Bravada Gold Corporation
For further information, please visit Bravada Gold Corporation's website at
bravadagold.com
; or contact
us at 604.641.2759 or by email at
.
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 in this news
release include conducting the PFS on the Wind Mountain project. Forward-looking statements
address future events and conditions and therefore involve inherent risks and uncertainties. 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 to, assumptions regarding general
economic conditions, interest rates, commodity 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 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. 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.
This news release is not intended for distribution to United States newswire services or
dissemination in the United States
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/256501