Bravada Gold Closes First Tranche for a Total of CDN$135,750.

Bravada Gold Corporation (TSXV:BVA) announced that it  has closed the first Tranche of its previously announced non-brokered private placement by issuing 4,524,998 units for a total of CDN$135,750. Proceeds were mainly utilized towards Bureau of Land Management and County claim fees and partial payments on accrued accounts.
As quoted in the press release:

The previously announced non-brokered offering (August 21, 2015) consisted of 6,666,667 units of the Company (“Units”) at a price of CDN$0.03 per Unit to raise $200,000. Each Unit consists of one common share without par value in the capital of the Company (a “Share”) and one common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to purchase one Share at a price of CDN$0.05 per Share for 5 years.
The Offering was made in accordance with the provisions of BC Instrument 45-534 – Exemption from prospectus requirement for certain trades to existing security holders and in accordance with the provisions of various corresponding blanket orders and rules of other Canadian jurisdictions that have adopted the same or a similar exemption from prospectus requirement.

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