Bravo Announces Completion of Oversubscribed Public Offering for C$86 Million

Executive Summary

• Bravo Mining Corp. closed an oversubscribed public offering of 19,607,500 common shares at C$4.40 per share, raising gross proceeds of C$86.27 million.
• The offering included full exercise of the underwriters’ over‑allotment option and was co‑led by BMO Capital Markets and National Bank Capital Markets.
• A cash commission of $4.31 million (5.0% of gross proceeds) was paid to the underwriting syndicate.

Key Details

• Shares Issued: 19,607,500 common shares.
• Price per Share: C$4.40.
• Gross Proceeds: C$86,273,000.
• Underwriters: BMO Capital Markets, National Bank Capital Markets (lead); Beacon Securities Limited; Canaccord Genuity Corp.
• Over‑Allotment: Fully exercised, increasing the total share count to the amount above.
• Commission Paid: $4,313,650 cash commission to underwriters (5.0% of gross proceeds).
• Offering Structure: Conducted via a prospectus supplement dated Jan 15 2026 to Bravo’s existing Canadian base‑shelf prospectus (dated Dec 22 2025); also offered in the U.S. on a private placement basis under applicable exemptions.
• Regulatory Notes: The common shares are not registered under the U.S. Securities Act and may not be sold in the United States absent registration or an exemption.

Notable Quotes

(No executive quotes were included in the release.)