Bravo Gold Corp V.BVG

Bravo owns 44% of Bravada Corp !!!

[Micanushi]

Bravo Gold brings Bravada holdings to 44%

2010-05-18 18:10 ET - News Release

Also News Release (C-BVA) Bravada Gold Corp

Mr. Joseph Kizis Jr. of Bravo reports

BRAVO GOLD CORP. ACQUIRES SHARES OF BRAVADA GOLD CORPORATION

On Feb. 9, 2010, Bravo Gold Corp. acquired 1.5 million common shares at $1.00 per share of Bravada Gold Corp. in a private placement financing. On March 5, 2010, Bravo acquired 9,647,687 common shares as part of a plan of arrangement effected pursuant to an arrangement agreement entered into on Sept. 30, 2009. As a result of the private placement and plan of arrangement, the offeror owns and controls 11,147,687 common shares of Bravada representing 44 per cent of the issued and outstanding common shares of Bravada.

The company's current intentions are that it acquired the 1.5 million common shares by private placement, and the 9,647,687 common shares as part of the plan of arrangement for investment purposes, but may, from time to time, reconsider its holdings in Bravada and, as circumstances dictate, may increase or decrease its position in Bravada.

[rusty777]

Well considering how well Bravada is currently doing do you think they would be interested in buying all my BVA shares for $1.00 too???......Hey  - I'll give them a deal - they can have all mine for 0.50 !!!!!CheersRusty

[ernesto47]

I am with you Rusty!

[onbradley]

Guys, this is part of the spin-out deal.  This has been in their news for over a year.  Shareholders voted on it.  This is how BVG was going to transfer the $$$ into the company.  Either BVG executes on a plan well-known, digested, and voted on by shareholders that's been around for over a year, or they put 1.5 million at today's prices.  So the company stays tight

[kerbacious]

Yes this was all water under the bridge..i almost feel BVA shares a better risk gamble now than BVG....