By Devika Patel
Knoxville, Tenn., July 11 - Bravo Venture Group Inc. said it settled a C$1.05 million non-brokered private placement of stock. The deal priced for C$1 million on May 26 and was increased on June 20.
Bravo Venture sold 3 million flow-through common shares at C$0.35 per share. The company originally planned to sell 2 million flow-through common shares at C$0.50 apiece.
Proceeds will be used for drilling.
Bravo Venture is a resource exploration company based in Vancouver, B.C.
| Issuer: | Bravo Venture Group Inc.
|
| Issue: | Flow-through common shares
|
| Amount: | C$1.05 million
|
| Shares: | 3 million
|
| Price: | C$0.35
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | May 26
|
| Upsized: | June 20
|
| Settlement date: | July 11
|
| Stock symbol: | TSX Venture: BVG
|
| Stock price: | C$0.40 at close May 26
|
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