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Bravada Gold Corporation - News
BRTN: STU, OTCQB: BGAVF
TSX.V: BVA
Last: $   Volume:   Change: $

News

Bravada Headlines

July 5, 2010
Bravada Announces Private Placement

Bravada Gold Corporation (BVA.V) reported today that the company proposes to issue up to a total of 10.0 million common shares in a non-brokered unit private placement at a price of C$0.15 per unit to raise up to gross proceeds of C$1,500,000. Each unit will consist of one common share and one half share purchase warrant. Each whole warrant is exercisable to purchase one additional common share at a price of C$0.20 for a period of two years from the closing date.

The proceeds from the private placement will be utilized to fund exploration costs on various projects in Nevada’s Battle Mountain Eureka Trend where permits have been issued on several drill-ready projects and where drilling is currently underway at the Company’s Signal project and for working capital. Finder’s fees may be payable. The private placement and finder’s fees are subject to regulatory approval.

About Bravada Gold Corporation
Bravada Gold Corporation is a member of the Manex Resource Group of companies with an exploration office in Reno, Nevada from which it is exploring its extensive Carlin-type gold holdings strategically located within the Battle Mountain/Eureka “Cortez” gold trend in Nevada.  Bravo Gold Corp. (BVA-TSX.V) owns 44% of Bravada’s 25,619,218 common shares currently outstanding.

On behalf of the Board of Directors
“Joseph A. Kizis, Jr.”   
Joseph A. Kizis Jr., Director, President, Bravada Gold Corporation

For further information, please visit the company’s website at bravadagold.com or contact Liana Shahinian at 1.888.456.1112 or by email at liana@mnxltd.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.