Bravada Gold Closes Previously Announced Non-Brokered Private Placement

Core Viewpoint - Bravada Gold Corporation has successfully closed a non-brokered private placement, raising $1,760,000 through the issuance of 44,000,000 units at a price of $0.04 per unit, which will primarily fund a Pre-feasibility Study of the Wind Mountain gold/silver deposit in Nevada [1][2]. Group 1: Private Placement Details - The private placement consists of 44,000,000 units, each comprising one common share and one share purchase warrant, with warrants exercisable at $0.05 for three years [1]. - The net proceeds will be allocated as follows: approximately 74% for the Pre-feasibility Study, 10% for land-holding fees, and about 16% for general working capital, with 12% of the latter payable to non-arm's-length parties [2]. Group 2: Company Overview - Bravada Gold Corporation is an established exploration and development company with a portfolio of high-quality properties in Nevada, recognized as a leading mining jurisdiction [5]. - The company has a substantial gold and silver resource, supported by a positive Preliminary Economic Assessment (PEA) conducted in 2022 on a Phase I portion of the Wind Mountain deposit, with ongoing evaluations for additional phases [5]. - Bravada has signed 33 earn-in joint-venture agreements with publicly traded companies and has eight projects in its portfolio, covering approximately 6,329 hectares in two prolific gold trends in Nevada [6].