Source: Bravada Gold Corporation
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  • Bravada Gold Corporation (BVA) has closed the first tranche of its non-brokered private placement
  • The company issued 4,260,000 units at a price of $0.07 per unit for gross proceeds of $298,200
  • Securities have a hold period expiring on December 7th, 2021
  • Net proceeds from the private placement will be used primarily to finance exploration on Bravada’s Wind Mountain Au-Ag Project
  • Bravada is an exploration company with a portfolio of high-quality properties in Nevada
  • Bravada Gold Corporation (BVA) opened trading at C$0.06 per share

Bravada Gold Corporation (BVA) has closed the first tranche of its non-brokered private placement.

The company issued 4,260,000 units at a price of $0.07 per unit for gross proceeds of $298,200.

Each unit consists of one common share and one share purchase warrant exercisable to purchase one additional common share at an exercise price of $0.12 per share.

Securities have a hold period expiring on December 7th, 2021.

Finders’ fees and commissions may be paid by the company.

Net proceeds from the private placement will be used to finance exploration on Bravada’s Wind Mountain Au-Ag project, sustaining fees for the company’s Nevada-based claims, and for working capital.

President Joe Kizis commented on Bravada’s various programs.

“This financing will allow the company to further de-risk our flagship Wind Mountain Gold/Silver Property towards renewed production, initially by updating the independent Resource and PEA.

Drilling continues at Bravada’s Highland project in western Nevada by Headwater Gold, which holds an option on the Property. Several well-developed targets are being drilled at Highland, including the Western Vein Zone, where previous drilling by Bravada and others have encountered high-grade gold and silver in low-sulfidation quartz veins.

A small amount of geologic work is also planned for the Company’s Baxter and SF/HC properties, which we expect will refine our drill targets.”

Bravada is an exploration company with a portfolio of high-quality properties in Nevada.

Bravada Gold Corporation (BVA) opened trading at C$0.06 per share.

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