- Units will be priced at $0.07 for gross proceeds of $700,000
- The company is offering an over-allotment option to allow a purchase of up to 10% additional units
- Net proceeds from the private placement will be used primarily for continued exploration of Bravada’s 100% owned Wind Mountain Au-Ag project
- Bravada Gold is an exploration company with a portfolio of high-quality properties in Nevada
- Bravada Gold Corporation (BVA) opened trading at C$0.065 per share
Bravada Gold Corporation (BVA) has announced plans to issue up to 10,000,000 units in a non-brokered private placement.
Units will be priced at $0.07 for gross proceeds of $700,000. Each unit will consist of one common share and one share purchase warrant. Each warrant will allow the holder to purchase one additional common share for a period of two years at an exercise price of $0.12 per share.
The company will make provision for an over-allotment option to allow a purchase of up to 10% additional units.
Net proceeds from the private placement will be used for continued exploration of Bravada’s 100% owned Wind Mountain Au-Ag project, sustaining fees for the company’s Nevada-based claims and for working capital.
President Joe Kizis commented on the financing.
“This is an exciting time for Bravada and this financing will allow the company to further de-risk our flagship Wind Mountain Gold/Silver Property in northwestern Nevada towards renewed production, as well as to advance several of our other Nevada Properties.
A small amount of geologic work is also planned for the company’s Baxter and SF/HC properties, which we expect will refine our drill targets.”
Bravada Gold is an exploration company with a portfolio of high-quality properties in Nevada.
Bravada Gold Corporation (BVA) opened trading at C$0.065 per share.