Bravada Gold Extends Closing of the Final Tranche to Existing Shareholders for 30 Days

Bravada Gold Corporation (TSXV:BVA) announced today that it has extended the final tranche of its previously announced non-brokered private placement for 30 days to November 4, 2015 in order to allow existing shareholders to participate.
As quoted in the press release:

The previously announced non-brokered offering consists 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. Bravada announced the closing of the first tranche of this financing on September 15 (NR-07-15), issuing 4,524,998 units for a total of CDN$135,750.

Bravada Gold President Joe Kizis stated:

We are pleased that existing shareholders have subscribed for shares in sufficient quantities to provide funds for our Company to meet current sustaining fees on its Nevada based properties. Extension of the offering will provide an opportunity to shareholders to participate at attractive terms in the Unit equity raise as we continue to develop our Nevada based properties through joint venture agreements.

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