OTCQX:BGMZF - Post by User
Post by
yaponskion Aug 22, 2013 12:17pm
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Post# 21689819
Another WIcked Financing Deal Proposed
Another WIcked Financing Deal Proposed Bravada Gold Corporation (“Bravada” or the “Company”) plans to issue up to 25,000,000 units in a nonbrokered private placement at a price of $0.02 per unit to raise $500,000. Each unit will consist of one common share and one share purchase warrant, with each warrant exercisable to purchase one additional common share for a period of three years at an exercise price of $0.05 per share.
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Ok. Bravada Gold only has maybe 500K ounces Indicated. But they also only about 1M dollars in the red and don't have any long term liabilities.
My my my. What a tough market out there for raising money...