- Bravada Gold Corporation (BVA) has closed its non-brokered private placement for total gross proceeds of $1,719,500
- The company issued 34,390,000 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 closed its non-brokered private placement for total gross proceeds of $1,719,500.
The original $1,500,000 offering, announced on March 21, 2022, has been oversubscribed.
The company issued 34,390,000 units at a price of $0.05 per unit. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase an additional common share at a price of $0.10 for a period of two years following the closing of the offering.
Net proceeds from the private placement will be used to continue exploration drilling at the Wind Mountain property and maintenance of the company’s portfolio of Nevada properties.
All securities issued will be subject to a hold period until August 29, 2022.
The company paid aggregate cash finders’ fees of $6,650 and issued 133,000 non-transferable finders’ warrants.
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.