/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES/
VANCOUVER, BC, June 8, 2023
/CNW/ - Bravo Mining Corp. (TSXV: BRVO) (OTCQX: BRVMF)
("Bravo" or the "Company") announces that it has
closed the previously announced public offering (the "Offering") of
common shares of the Company (the "Common Shares"). Pursuant to the
Offering, the Company has issued 5,647,667 Common Shares at a price
of C$3.50 per Common Share for gross
proceeds of C$19,766,834.50, which
includes the exercise in full of the over-allotment option granted
to the Agents (as defined below). The Offering was co-led by
Canaccord Genuity Corp., National Bank Financial Inc. and BMO
Capital Markets on behalf of a syndicate that included Cormark
Securities Inc. and Raymond James Ltd. (collectively, the
"Agents").
In connection with the Offering, the Company has paid the Agents
a cash commission in the aggregate amount of $919,584.23 equal to 5.0% of the gross proceeds
of the Offering, other than in respect of sales to certain
purchasers on the president's list in which case the cash
commission was reduced to 2.5%.
The Offering was made by way of a prospectus supplement dated
June 1, 2023 to the Company's
existing Canadian base shelf prospectus dated May 16, 2023, in the
United States on a private placement basis pursuant to
exemptions from the registration requirements of the United States
Securities Act of 1933, as amended (the "U.S. Securities Act"), and
in certain other jurisdictions outside of Canada and the
United States.
The Common Shares have not been and will not be registered under
the U.S. Securities Act and may not be offered or sold in
the United States absent
registration or an applicable exemption from the registration
requirements under the U.S. Securities Act and applicable state
securities laws. This news release shall not constitute an offer to
sell or the solicitation of an offer to buy nor shall there be any
sale of any securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful.
About Bravo Mining Corp.
Bravo is a Canada and
Brazil-based mineral exploration
and development company focused on advancing its Luanga PGM + Au +
Ni Project in the world-class Carajás Mineral Province of
Brazil.
The Luanga Project benefits from being in a location close to
operating mines, with excellent access and proximity to existing
infrastructure, including road, rail and clean and renewable hydro
grid power. The project area was previously de-forested for
agricultural grazing land. Bravo's current Environmental, Social
and Governance activities includes replanting trees in the project
area, hiring and contracting locally, engagement with local
communities, and ensuring protection of the environment during its
exploration activities.
For further information about Bravo, please visit
www.bravomining.com.
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this Press
release.
SOURCE Bravo Mining Corp.