financing insiderBRAVO VENTURE GROUP INC. ("BVG")
BULLETIN TYPE: Private Placement-Non-Brokered, Brokered
BULLETIN DATE: June 3, 2009
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a both a Non-Brokered and Brokered Private Placement announced May 5, 2009 and May 13, 2009:
Number of Shares: 18,205,167 flow-through shares (Brokered)
2,576,667 common shares (Brokered)
1,000,000 common shares (Non-Brokered)
Purchase Price: $0.30 per share (both flow-through and common)
Warrants: 9,102,583 share purchase warrants to purchase 9,102,583 shares (Brokered flow-through offering)
2,576,667 share purchase warrants to purchase 2,576,667 shares (Brokered unit offering)
1,000,000 share purchase warrants to purchase 1,000,000 shares (Non-Brokered unit offering)
Warrant Exercise Price: $0.35 for a two year period
Number of Placees: 63 placees (flow-through)
46 placees (common)
12 placees (common)
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P / # of Shares
Terry Eyton Y 30,000 f/t
Trish Hodgson P 10,000 f/t
Scott Hunter P 181,000 f/t
Robert Swenarchuk Y 49,500 f/t
John D. Willett P 205,000 f/t
Geoffrey Bertram P 166,666 f/t
Gary Mayzes P 150,000 f/t
Geoffrey Bertram P 33,333 nf/t
Geoffrey Bertram P 16,666 nf/t
Mary-Ann Bertram P 16,666 nf/t
Donny Cordick P 25,000 nf/t
June Brookes P 5,000 nf/t
Ron Putzi P 100,000 nf/t
Thomas W. Seltzer P 150,000 nf/t
Robert Swenarchuk Y 25,000 nf/t
Finders' Fees (Brokered): Haywood Securities Inc. - $284,730.02 and 1,021,650 Agent's Options that are exercisable into units at $0.30 per unit for a two year period. The units have the same terms as the offering.
Octagon Capital Corp. - 2,500 Agent's Options that are exercisable into units at $0.30 per unit for a two year period. The units have the same terms as the offering.
Wolverton Securities - 2,500 Agent's Options that are exercisable into units at $0.30 per unit for a two year period. The units have the same terms as the offering.
Union Securities Inc. - 12,500 Agent's Options that are exercisable into units at $0.30 per unit for a two year period. The units have the same terms as the offering.
RBC Dominion Securities - $657.00 and 7,300 Agent's Options that are exercisable into units at $0.30 per unit for a two year period. The units have the same terms as the offering.
Strand Securities Corp. - $45,000.00 and 250,000 Agent's Options that are exercisable into units at $0.30 per unit for a two year period. The units have the same terms as the offering.
Dundee Securities Corp. - $22,801.00 and 253,350 Agent's Options that are exercisable into units at $0.30 per unit for a two year period. The units have the same terms as the offering.
BMO Nesbitt Burns - $900.00 and 10,000 Agent's Options that are exercisable into units at $0.30 per unit for a two year period. The units have the same terms as the offering.
Raymond James - $18,900.00 and 210,000 Agent's Options that are exercisable into units at $0.30 per unit for a two year period. The units have the same terms as the offering.
CIBC World Markets - $9,279.00 and 103,100 Agent's Options that are exercisable into units at $0.30 per unit for a two year period. The units have the same terms as the offering.
Canaccord Capital Corp. - $13,680.00 and 152,000 Agent's Options that are exercisable into units at $0.30 per unit for a two year period. The units have the same terms as the offering.
Finders' Fees (Non-Brokered): Rayleigh Capital Ltd. - $1,620.00 and 9,000 Agent's Options that are exercisable into units at $0.30 per unit for a two year period. The units have the same terms as the offering.
Canaccord Capital Corp. - $4,500.00 and 25,000 Agent's Options that are exercisable into units at $0.30 per unit for a two year period. The units have the same terms as the offering.
Dundee Securities - $180.00 and 1,000 Agent's Options that are exercisable into units at $0.30 per unit for a two year period. The units have the same terms as the offering.
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.
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