Bravo Gold

Bravo arranges $5.0 million flow-through financing; updates pre-development and exploration plans

Bravo Gold reported today that the company proposes to issue up to a total of 39 million Units at a price of $0.13 per Unit for gross proceeds of $5.0 million.

Each Unit consists of one flow-through common share and one-half non flow-through transferable share purchase warrant; each whole share purchase warrant is exercisable to purchase one additional non flow-through common share at a price of $0.20 for a period of two years. Finder's fees may be payable. The private placement and finder's fees are subject to regulatory approval.