PP closed ($0.50)BRAVO VENTURE GROUP INC. ("BVG")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 23, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced February 6, 2009:
Number of Shares: 600,000 flow-through shares
Purchase Price: $0.50 per share
Warrants: 300,000 share purchase warrants to purchase 300,000 shares
Warrant Exercise Price: $0.60 for a two year period
Number of Placees: 15 placees
Insider / Pro Group Participation:
Insider=Y / Name ProGroup=P / # of Shares
Marcel Cernik P 30,000
Donald Watt P 10,000
Jeff Willis P 20,000
Scott Hunter P 100,000
Robert Swenarchuk Y 25,000
Finders' Fees: Haywood Securities Inc. - $4,250 and 17,000 Warrants that are exercisable into common shares at $0.50 per share for a two year period.
Hampton Securities Inc. - $2,500 and 10,000 Warrants that are exercisable into common shares at $0.50 per share for a two year period.
Strand Securities Inc. - 25,000 Warrants that are exercisable into common shares at $0.50 per share for a two year period.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
TSX-X
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