Bravada Gold Corporation Closes Final Tranche of Non-Brokered Private Placement
Bravada Gold Corporation Closes Final
Tranche of Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - October 26, 2021) -
Bravada Gold Corporation
(TSXV: BVA) (FSE: BRTN) (OTCQB: BGAVF) (the "Company" or "Bravada") reports that
the Company
has now closed the final tranche of its previously reported non-brokered private placement by issuing
182,000 units at a price of $0.07 per unit for gross proceeds of $12,740.
In total, the Company has now
closed 7,199,143 units in three tranches for total gross proceeds of $503,940.01. Each unit consists of
one common share and one share purchase warrant exercisable to purchase one additional common
share for a period of two years at an exercise price of $0.12 per share. Securities issued pursuant to this
final tranche of the private placement, including common shares and share purchase warrants carry a
legend restricting trading of the securities until February 26, 2022. Finders' fees and commissions may
be paid by the Company in relation to the units sold in this Offering. The private placement is subject to
regulatory approval.
Net proceeds from the private placement will be used for continued exploration on the Company's 100%
owned Wind Mountain Au-Ag project, sustaining fees for the Company's Nevada-based claims, and for
working capital.
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. Bravada has successfully identified and advanced properties with the
potential to host high-margin deposits, frequently 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 at Wind Mountain, and the Company has significant upside potential from possible new
discoveries at its exploration properties.
Since 2005, the Company signed 32 earn-in joint-venture agreements for its properties with 19 publicly
traded companies, as well as a similar number of property-acquisition agreements with private
individuals. Bravada currently has 10 projects in its portfolio, consisting of 810 claims for approximately
6,500 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 commonly asked investor
questions. Simply click on this link https://bravadagold.com/projects/project-videos/.
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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 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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/100838