Bravo Venture Group Inc. (TSX VENTURE:BVG)(FRANKFURT:B6I) reported today that due to oversubscription in its recently closed fully subscribed flow-through private placement, the company has agreed to issue a further 1.1 million flow-through units at a price of C$0.275 per unit to raise C$302,500. Each unit will consist of one common flow-through share and one half transferable non flow-through share purchase warrant, each whole warrant exerciseable to purchase one additional common share at an exercise price of $0.35 per share for a period of eighteen months from the closing date. Proceeds from this placement will fund the continuing exploration programs at the company's British Columbia projects, principally the Homestake Ridge project in northwestern British Columbia.
The private placement and any finders fees are subject to regulatory approval.
On behalf of the Board of Directors
Robert E.Swenarchuk, Director
Bravo Venture Group Inc.
Statements contained in this news release that are not historical facts are forward-looking statements as the term is defined in the private securities litigation reform act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. Bravo Venture Group relies upon litigation protection for forward looking statements.
SOURCE: Bravo Venture Group Inc.
Bravo Venture Group Inc. Jay Oness 1-888-456-1112 or (604) 684-9384 Email: corpdev@mnxltd.com Website: www.bravoventuregroup.com
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