Bravo Gold Corp V.BVG

News, financing, I sure hope they know

[blackswan]

what they are doing!!!!!! Bravo Venture arranges $7.7-million in financings 2009-10-06 16:24 ET - News Release Mr. Joseph Kizis reports BRAVO ANNOUNCES PRIVATE PLACEMENTS Bravo Venture Group Inc. has proposed to issue a total of 16 million common shares in two non-brokered private placements for total gross proceeds of $7.7-million. The company shall issue up to 6.0 million units in a non brokered private placement at a price of 45 cents per unit to raise $2.7-million. Each unit will consist of one common share and one-half share purchase warrant each whole warrant exercisable to purchase one additional common share at an exercise price of 50 cents per share for a period of two years from the closing date. Net proceeds will be for general working capital. Finders' fees may be payable. The company shall also issue issue up to 10.0 million units in a non-brokered flow-through private placement at a price of 50 cents per unit to raise $5.0-million. Each unit will consist of one common flow through share and one-half non-flow-through share purchase warrant, each whole warrant exerciseable to purchase one additional common share at an exercise price of 60 cents per share for a period of two years from the closing date. All proceeds from this placement will be expended to fund the continuance of the expanded 10,000-metre to 11,000-metre drill program at the Homestake Ridge project in northwest British Columbia which is currently underway. Finders' fees may be payable.