Bravada Gold Closes Previously Announced Non-Brokered Private Placement

Executive Summary

• Bravada Gold closed a non‑brokered private placement of 44 million units at $0.04 per unit, raising gross proceeds of $1.76 million.
• Proceeds are earmarked primarily for a Pre‑Feasibility Study on the Wind Mountain gold/silver deposit in Nevada, with additional allocations to land‑holding fees and general working capital.
• Each unit includes one common share and one warrant exercisable at $0.05 per share for three years; securities are subject to a hold period until June 5 2026.

Key Details

• Offering Size: 44,000,000 units @ $0.04/unit → Gross proceeds: $1,760,000.
• Unit Composition: 1 common share + 1 warrant (exercise price $0.05, 3‑year term).
• Use of Proceeds:
• ~74 % for Pre‑Feasibility Study of Wind Mountain deposit (NV).
• ~10 % for land‑holding fees.
• ~16 % for general working capital (including 12 % payable to non‑arm’s length parties).
• Hold Period: Securities cannot be sold or transferred before June 5 2026.
• Closing Conditions: Subject to TSX Venture Exchange approval; no finder’s fees paid.
• Regulatory Notices: Offering not registered in the U.S.; restricted from solicitation to U.S. persons absent exemption.

Notable Quotes

(No direct quotes were provided in the release.)