Bravada Gold Announces Non-Brokered Private Placement

Bravada Gold Corporation (TSXV:BVA) announced a non-brokered private placement of up to CDN$200,000, consisting of one common share without par value in the capital of the Company (a “Share”) and one common share purchase warrant, at a price of CDN$0.03 per Unit. Each Warrant entitles the holder/s to purchase one share at CDN$0.05 per share for 5 years.
As quoted in the press release:

The Company intends to make the Offering 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 (the “Existing Security Holder Exemption”).
Subject to certain limitations discussed below, the Offering is open to all existing shareholders of the Company until September 18, 2015. Any existing shareholders of the Company interested in participating in the Offering should contact the Company using the contact information set out below no later than September 4, 2015 so that subscription materials can be provided for completion and return to the Company no later than September 10, 2015.
The maximum number of Units being offered is 6,666,667 Units for maximum gross proceeds of CDN$200,000 (the “Maximum Offering”). The Offering is not subject to any minimum subscription.

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