By Laura Lutz
Des Moines, June 19 - Bravo Venture Group Inc. plans to conduct a private placement of units for C$2.4 million.
The company has agreed to issue 2 million units of one flow-through share and one half-share non flow-through warrant at C$1.20 per unit. Each whole warrant will be exercisable at C$1.50 for 18 months.
The placement will be non-brokered.
Proceeds will be used for drilling.
Bravo Venture is a resource exploration company based in Vancouver, B.C.
| Issuer: | Bravo Venture Group Inc.
|
| Issue: | Units of one flow-through share and one half-share non flow-through warrant
|
| Amount: | C$2.4 million
|
| Units: | 2 million
|
| Price: | C$1.20
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$1.50
|
| Agent: | Non-brokered
|
| Pricing date: | June 19
|
| Stock symbol: | TSX Venture: BVG
|
| Stock price: | C$1.19 at close June 19
|
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