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Bravada Gold Corporation (TSXV:BVA) announced plans to issue up to 10,000,000 units in a non-brokered private placement at a price of $0.05 per Unit to raise $500,000.
Bravada Gold Corporation (TSXV:BVA) announced plans to issue up to 10,000,000 units in a non-brokered private placement at a price of $0.05 per Unit to raise $500,000. Each Unit will consist of one common share and one share purchase warrant, with each warrant exercisable to purchase one additional common share for a period of five years at an exercise price of $0.10 per share.
Net proceeds from the private placement will be used for working capital, costs associated with claim maintenance, and other exploration expenses. Specifically, many of the Company’s projects have high-quality drill targets already identified, and efforts will continue to identify appropriate partners to further advance these properties.
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