- Bravada Gold Corporation (BVA) has announced plans for a non-brokered private placement for gross proceeds of $1.5M
- The company will issue up to 30,000,000 units at a price of $0.05 per unit
- Net proceeds from the private placement will be used to continue exploration drilling at the Wind Mountain property
- Bravada Gold is an exploration company with a portfolio of high-quality properties in Nevada
- Bravada Gold Corporation (BVA) opened trading at C$0.05 per share
Bravada Gold Corporation (BVA) has announced plans for a non-brokered private placement for gross proceeds of $1.5M.
The company will issue up to 30,000,000 units at a price of $0.05 per unit. Each unit will consist 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 $0.10 per share.
The company will provide an over-allotment option.
Net proceeds from the private placement will be used to continue exploration drilling at the Wind Mountain property and property maintenance for the company’s portfolio of Nevada properties.
The company may pay finders’ fees comprised of cash and non-transferable warrants in connection with the offering.
All securities issued will be subject to a four-month hold period. Completion of the offering remains subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.
Bravada Gold is an exploration company with a portfolio of high-quality properties in Nevada.
Bravada Gold Corporation (BVA) opened trading at C$0.05 per share.