Bravo Mining closes $86-million public offering

Executive Summary

• Bravo Mining Corp. has closed an oversubscribed public offering of common shares, raising gross proceeds of C$86,273,000.
• The company issued 19,607,500 shares at a price of C$4.40 per share, including the full exercise of the underwriters' overallotment option.
• The offering was co-led by BMO Capital Markets and National Bank Capital Markets, with a syndicate including Beacon Securities Ltd. and Canaccord Genuity Corp.

Key Details

• Gross Proceeds: C$86,273,000
• Shares Issued: 19,607,500 common shares
• Price Per Share: C$4.40
• Underwriters' Commission: C$4,313,650 (5.0% of gross proceeds)
• Overallotment: The offering included the exercise in full of the overallotment option granted to the underwriters.
• Lead Underwriters: BMO Capital Markets and National Bank Capital Markets
• Syndicate Members: Beacon Securities Ltd. and Canaccord Genuity Corp.
• Regulatory Basis: Made by way of a prospectus supplement dated Jan. 15, 2026, to the company's existing Canadian base shelf prospectus dated Dec. 22, 2025.
• US Placement: Conducted on a private placement basis pursuant to exemptions from the registration requirements of the U.S. Securities Act of 1933.
• Other Jurisdictions: Offered in certain other jurisdictions outside of Canada and the United States.