Bravada Gold Corporation ("Bravada" or the "Company") (TSX
VENTURE:BVA)(FRANKFURT:BRT) has signed a Letter of Intent with a private equity
firm ("Purchaser") to sell all issued and outstanding shares of the Company's
two subsidiary companies for CDN$6.8 million ("Sale Proceeds"). The transaction
(the "Transaction") is subject to several conditions precedent including, a
45-day due diligence period by Purchaser, approval by Bravada's shareholders,
and a capital consolidation of Bravada's common shares. 


Purchaser will provide to Bravada a CDN$250,000 senior secured convertible
credit facility (the "Facility"), to be repaid from Sale Proceeds upon closing
of the Transaction. Funds from the Facility will be utilized by Bravada in
payment of property expenses of its subsidiaries and transactional costs related
to the acquisition of requisite approvals for the Transaction. The two
subsidiary companies hold rights to mineral assets in Nevada. Bravada's
Directors have resolved to approve the Transaction; to convene a Meeting of
shareholders to consider approval of the Transaction; and have agreed to deposit
proxies with respect to their respective shares voting in favour of the
Transaction.


Bravada's Board of Directors has approved a capital consolidation on the basis
of one new share for each ten old shares of the Company to allow compliance with
the TSX Venture Exchange's definition of "Discounted Market Price" for equity
financing purposes. The consolidated shares (CUSIP #10567D204) are expected to
begin trading on or about February 28, 2014. Upon completion of the capital
consolidation, the Company will have 11,970,342 shares issued and outstanding of
which, approximately 9.7% are held by Homestake Resource Corporation (HSR.V).
The Company's name will not be changed in connection with this consolidation.
The consolidation is subject to acceptance by the TSX Venture Exchange.


President Joe Kizis commented, "For some considerable period of time in
difficult markets, the Company endeavored to attract equity capital or
joint-venture partners to fund continued exploration on its mineral properties.
Sale of these assets represents a significant premium to the market valuation of
the Company, provides immediate and certain value to the Company's shareholders
together with a risk mitigation strategy to shareholders in volatile market
conditions and uncertain commodity prices, and an opportunity to utilize net
working capital in the approximate amount of $5.2 million in acquisition and
exploration of mineral properties to be identified and explored with exploration
and development expertise of Bravada's experienced personnel."


On behalf of the Board of Directors of Bravada Gold Corporation

Joseph A. Kizis, Jr., Director, President, Bravada Gold Corporation

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
Joseph A. Kizis, Jr.
Director, President
604.899.2515 or Toll Free: 1.888.456.1112
www.bravadagold.com

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