Bravo Gold Corp V.BVG

PP

[MiningStock]

BRAVO VENTURE GROUP INC BVG

11/27/2008 12:46:53 PM

VANCOUVER, BRITISH COLUMBIA, Nov 27, 2008 (Marketwire via COMTEX News Network) --

Bravo Venture Group Inc. (TSX VENTURE:BVG)(FRANKFURT:B6I) reported today that the company proposes to issue a total of 550,000 common shares at a price of C$0.35 in a unit non-brokered private placement for total gross proceeds of C$194,250.

Each unit will consist of one common share and one share purchase warrant exercisable to purchase one additional common share at an exercise price of C$0.40 per share for a period of two years from the closing date. In the event that the company's shares trade at a closing price of greater than $0.80 per share for a period of 20 consecutive days at any time after six months from closing, the company may accelerate the expiry date of the Warrants by providing notice to the shareholders thereof and in such case the Warrants will expire on the 30th day after the date on which such notice is given by the Corporation. Net proceeds will be for general working capital. Finder's fees may be payable.

The private placement and finders fees are subject to regulatory .

On behalf of the Board of Directors

Joseph A. Kizis Jr., Director, President, Bravo Venture Group Inc.

SOURCE: Bravo Venture Group Inc.

Bravo Venture Group Inc. Jay Oness 1-888-456-1112 or [phone] Email: [e-mail] Website: www.bravoventuregroup.com

Copyright (C) 2008 Marketwire. All rights reserved.

[robbie25]

What's the deal with all the PP's?Granted, this seems like a small amount, so I'm not too bothered, but why?

[EReal]

I am not concerned about the pp. Bravo is just low on cash and need abit to hold them over. Next one will be at a much higher price. Majorresistance seems to be at the 50 cent level. If we can break that athigh volume I think it will rally into the 60's before it pauses again.There was a gap up from 40 cents to 43 on the 24th - don't be surprisedif this gets filled.

[robbie25]

BTW, that little rumour that you keep hearing about the comex defaulting for December gold delivery.....if it happens, it's supposed to start tommorow.Personally, I'm a bit skeptical, althoguh I believe it's certainly plausible, based on the large difference between paper and physical gold.Myself, I was hoping to grab another 20 K shares or so at $.40 if it dipped that low. It didn'