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Bravada Gold Corporation, a notable entity in the mining industry, has announced plans for a non-brokered private placement to raise essential funds. The company aims to issue up to 25 million units at a price of $0.04 per unit, potentially generating gross proceeds of around $1 million. This funding is critical for advancing the Wind Mountain gold\/silver deposit in northwestern Nevada.
Each unit consists of one common share and a warrant, allowing investors to purchase an additional common share at a price of $0.05 over three years.
Bravada also plans to include an over-allotment option for an additional 10% of the units, contingent on demand exceeding expectations.
The facts
The proceeds from this offering will be allocated across key areas. Approximately 60% will fund a Pre-feasibility Study (PFS) of the Wind Mountain project, vital for assessing the deposit’s economic viability. Additionally, 17% will cover land-holding fees, while 23% will contribute to general working capital, including provisions for non-arm’s length parties.
Notably, no funds will be allocated for investor relations activities, reflecting a concentrated effort on project development. Bravada may also consider paying finder’s fees, which could involve cash and non-transferable warrants, in compliance with TSX Venture Exchange policies.
Reactions
Bravada Gold Corporation has established itself as a leading exploration and development firm in Nevada, a region celebrated for its mineral wealth. The company utilizes a modified joint-venture model, enabling it to identify and develop high-margin properties while securing funding from partners for later project stages.
Bravada’s portfolio includes significant gold and silver resources, supported by a positive Preliminary Economic Assessment (PEA) completed for the Wind Mountain deposit’s Phase I area. The company is actively assessing additional phases as part of the ongoing PFS, underscoring its commitment to optimizing resource extraction.
Bravada’s exploration potential
In addition to Wind Mountain, Bravada possesses considerable exploration opportunities across its other properties. Since 2005, the company has entered into 33 earn-in joint-venture agreements with publicly traded firms and acquired various properties through agreements with private individuals. Presently, Bravada manages eight projects spanning approximately 5,600 hectares within two of Nevada’s most prolific gold trends.
These projects have shown promising drill intercepts of gold and have established drill targets ready for exploration, indicating substantial potential for future discoveries. Videos detailing Bravada’s major properties and addressing investor inquiries are accessible on the company’s website, enhancing transparency and engagement.
Looking ahead
Joseph Anthony Kizis, Jr., President and Director of Bravada, oversees the technical data presented in this announcement. He has approved the release of this information to the public. The company emphasizes that this news does not constitute a solicitation for sale or an offer to buy securities in any jurisdiction where such actions would be illegal, particularly within the United States.
Bravada Gold Corporation is proactively seeking funding for its Wind Mountain project, aiming to enhance its operational capabilities in the competitive mining sector. Stakeholders and potential investors are encouraged to stay updated through the company’s official communications and website.
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Bravada Gold Corporation has established itself as a leading exploration and development firm in Nevada, a region celebrated for its mineral wealth. The company utilizes a modified joint-venture model, enabling it to identify and develop high-margin properties while securing funding from partners for later project stages.
Bravada’s portfolio includes significant gold and silver resources, supported by a positive Preliminary Economic Assessment (PEA) completed for the Wind Mountain deposit’s Phase I area. The company is actively assessing additional phases as part of the ongoing PFS, underscoring its commitment to optimizing resource extraction.
Bravada’s exploration potential
In addition to Wind Mountain, Bravada possesses considerable exploration opportunities across its other properties. Since 2005, the company has entered into 33 earn-in joint-venture agreements with publicly traded firms and acquired various properties through agreements with private individuals. Presently, Bravada manages eight projects spanning approximately 5,600 hectares within two of Nevada’s most prolific gold trends.
These projects have shown promising drill intercepts of gold and have established drill targets ready for exploration, indicating substantial potential for future discoveries. Videos detailing Bravada’s major properties and addressing investor inquiries are accessible on the company’s website, enhancing transparency and engagement.
Looking ahead
Joseph Anthony Kizis, Jr., President and Director of Bravada, oversees the technical data presented in this announcement. He has approved the release of this information to the public. The company emphasizes that this news does not constitute a solicitation for sale or an offer to buy securities in any jurisdiction where such actions would be illegal, particularly within the United States.
Bravada Gold Corporation is proactively seeking funding for its Wind Mountain project, aiming to enhance its operational capabilities in the competitive mining sector. Stakeholders and potential investors are encouraged to stay updated through the company’s official communications and website.
“`
Joseph Anthony Kizis, Jr., President and Director of Bravada, oversees the technical data presented in this announcement. He has approved the release of this information to the public. The company emphasizes that this news does not constitute a solicitation for sale or an offer to buy securities in any jurisdiction where such actions would be illegal, particularly within the United States.
Bravada Gold Corporation is proactively seeking funding for its Wind Mountain project, aiming to enhance its operational capabilities in the competitive mining sector. Stakeholders and potential investors are encouraged to stay updated through the company’s official communications and website.
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