Bravada Gold Closes Previously Announced Non-Brokered Private Placement
Bravada Gold Closes Previously Announced
Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - February 5, 2026) -
Bravada Gold
Corporation
(TSXV: BVA) (FSE: BRTN) ("Bravada" or "Company") reports it has now closed the
previously announced non-brokered private placement and will issue 44,000,000 units ("Units") at a
price of $0.04 per Unit for gross proceeds of $1,760,000 (the "Offering"). Each Unit consists of one
common share and one share purchase warrant, with each warrant exercisable to purchase one
additional common share at a price of $0.05 for 3 years.
Net proceeds from the private placement will be used to conduct a Pre-feasibility Study ("PFS") of the
Wind Mountain gold/silver deposit in NW Nevada (approximately 74%). Net proceeds will also cover
land-holding fees (10%) and general working capital (approximately 16%, with 12% of general working
capital payable to non-arm's length parties). No amounts are proposed to be spent on investor relations
activities.
All securities issued and sold under the Offering are subject to a hold period expiring on June 5, 2026.
Completion of the Offering remains subject to the approval of the TSX Venture Exchange. The Company
has paid no finder's fees with respect to this Offering.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there
be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be
unlawful, including any of the securities in the United States of America. The securities referred to in
this news release have not been, and will not be, registered under the U.S. Securities Act or any U.S.
state securities laws, and may not be offered or sold in the United States or to, or for the account or
benefit of, U.S. persons, absent registration or any applicable exemption from the registration
requirements of the U.S. Securities Act and applicable U.S. state securities laws.
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
conducted in 2022 on a Phase I portion of the Wind Mountain deposit, and additional Phases are being
evaluated for the project as part of an ongoing Pre-Feasibility Assessment. In addition, the Company
has significant upside potential from possible new discoveries at its other 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 782 claims for
approximately 6,329 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 investors commonly asked questions. Simply click on this link
https://bravadagold.com/projects/project-videos/
.
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 completion of the PFS. 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/282761