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| Home : Bravada Closed First Tranche of Equity Financing |
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Apr 05
2016 |
Bravada Closed First Tranche of Equity Financing |
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Vancouver, british Columbia--Bravada Gold Corporation (the "Company" or "Bravada") (TSX VENTURE:BVA) (FRANKFURT:BRT) has closed the first Tranche of its previously announced non-brokered private placement (the "Offering") by issuing 7,334,380 units for a total of CDN$366,719. The previously announced non-brokered private placement offering (March 03, 2016) consists of up to 10,000,000 units ("Units") at a price of $0.05 per Unit to raise $500,000. Each Unit consists 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. A second Tranche is expected to close in early April and is expected to be fully subscribed. |
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| Source:http://www.marketwired.com/mw/release.do?id=2111530&sourceType=3 |
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