BVA Bravada Gold Corporation

NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES


Bravada Gold Corporation (TSX VENTURE:BVA)(FRANKFURT:BRT) ("Bravada" or the
"Company") has closed its previously reported non-brokered private placement by
issuing 5,319,139 units at a price of $0.02 per unit for gross proceeds of
$106,383. Each unit consists of one common share and one share purchase warrant
exercisable to purchase one additional common share for a period of three years
at an exercise price of $0.05 per share. Securities issued pursuant to this
private placement, including common shares, share purchase warrants and finder's
warrants issued as finder's fees, carry a legend restricting trading of the
securities until February 12, 2014.


The private placement is being conducted pursuant to the TSX Venture Exchange
("TSXV") bulletin of April 12, 2013 - Private Placements - Extension and
Modification of Temporary Relief from Certain Pricing Requirements. The private
placement and payment of finder's fees are subject to acceptance for filing by
the TSXV. The private placement has been approved by Bravada's board of
directors, excluding those directors that have a direct interest in the private
placement.


As required by the Temporary Relief policy of the TSX-V Bravada advises that it
proposes to add the net proceeds from the placement to working capital to be
expended as to payment of mineral claim fees of $83,224, property acquisition
payments of $17,068, payment of accounts payable of $3,300 and payment of
issuance costs of $2,000. 


Baker Hughes Oilfield Operations, Inc. has notified Bravada that it has
completed a third phase of drilling at Bravada's Shoshone Pediment gold and
barite project. The program, designed to test for the presence of barite
mineralization, consisted of an additional 12 reverse-circulation drill holes
(719m). The total program during 2013 consisted of 43 holes, for total of 3,030
meters of drilling. The property is located along the Battle Mountain-Eureka
Gold trend, which, in the project area, overlaps one of Nevada's most important
regions for barite production. Baker Hughes has the option to acquire 100% of
any barite ore, whereas Bravada will retain all other mineral rights, including
gold, and will receive a split of the drill samples from the barite drilling for
its independent geologic logging and assaying. Gold and other mineral values
will be reported subsequent to evaluation by Bravada of assay data.


Baker Hughes makes annual payments to Bravada and pays claim maintenance fees
during the option period and during any subsequent barite mining. Baker Hughes
can exercise the option by paying to Bravada an option fee at any time within
the six-year option period, which terminates in April 2015. Bravada will receive
a quarterly royalty payment on any barite production greater than 150,000 tons.
Should there be a discovery of both barite and other metals; each company would
have the right to mine their respective minerals while stockpiling minerals
belonging to the other party. 


Barite was historically produced from an open pit adjacent to the Shoshone
Pediment property, and the property lies along the northwesterly projection of a
linear cluster of small gold deposits hosted in Upper Plate rocks along Slaven
Canyon. Although gold mineralization may exist in the Upper Plate rocks, which
also host the barite mineralization, Nevada's largest gold deposits typically
occur in underlying Lower Plate carbonate host rocks, which have not been tested
by drilling at Shoshone Pediment.


About Bravada Gold Corporation 

Bravada is a member of the Manex Resource Group of companies with an exploration
office in Reno, from which it is exploring its extensive Carlin-type and
low-sulfidation-type gold holdings strategically located within numerous
productive gold trends in Nevada. Homestake Resource Corporation (HSR.V) owns
9.7% of Bravada's 120,153,421 outstanding common shares.


On behalf of the Board of Directors of Bravada Gold Corporation

Joseph A. Kizis, Jr., Director, President

For further information, please visit Bravada Gold Corporation's website at
www.bravadagold.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. 


This news release may contain forward-looking statements including but not
limited to comments regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential mineral
recovery processes, etc. Forward-looking statements address future events and
conditions and therefore involve inherent risks and uncertainties. Actual
results may differ materially from those currently anticipated in such
statements. These statements are based on a number of assumptions, including,
but not limited to, assumptions regarding general economic conditions, interest
rates, commodity markets, regulatory and governmental approvals for the
company's projects, and the availability of financing for the company's
development projects on reasonable terms. Factors that could cause actual
results to differ materially from those in forward looking statements include
market prices, exploitation and exploration successes, the timing and receipt of
government and regulatory approvals, and continued availability of capital and
financing and general economic, market or business conditions. Bravada Gold
Corporation does not assume any obligation to update or revise its
forward-looking statements, whether as a result of new information, future
events or otherwise, except to the extent required by applicable law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Bravada Gold Corporation
604.899.2515 or Toll Free at 1.888.456.1112
www.bravadagold.com

Bravada Gold (TSXV:BVA)
Historical Stock Chart
Von Mai 2024 bis Jun 2024

Bravada Gold (TSXV:BVA)
Historical Stock Chart
Von Jun 2023 bis Jun 2024