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News
11.01.2010
Bravo Receives $1.7 million in Warrant Exercises
Bravo Receives $1.7 million in Warrant Exercises
Bravo Venture Group reported today that warrant exercises during the month of December amounted to a total of 3,381,750 new common shares being issued for a total of $1,742,200. At December 31 the company's cash position was $9,650,000 and shares outstanding stood at 144,715,300.
The company said that the exercise includes 2,000,000 at $0.60 per share; 1,181,750 at $0.40 per share; 190,000 at $0.35 per share, and option exercises of 10,000 at $0.30 per share.
Bravo also reported today is has granted 2.6 million incentive stock options to directors, officers, employees and consultants, each exercisable at $0.45 per share for a period of five years. The granting of the stock options is subject to regulatory approval.
About Bravo Venture Group Inc.
Bravo Venture Group Inc. is focused on exploring its precious and base metal-rich Homestake Ridge project in British Columbia, a gold-rich epithermal/VMS-related system within Eskay Creek/Silbak-Premier stratigraphy. Pursuant to the recently announced “Plan of Arrangement”, Bravada Gold Corp. will focus on exploring Bravo’s extensive Carlin-type gold holdings strategically located within the Battle Mountain/Eureka “Cortez” gold trend in Nevada.
Rob Macdonald (P.Geo.) is the Qualified Person responsible for reviewing the technical results in this release.
On behalf of the Board of Directors
“Joseph A. Kizis, Jr.”
Joseph A. Kizis Jr., Director, President,
Bravo Venture Group Inc.
For further information, please visit the company’s website at bravoventuregroup.com or contact Jeff Stuart or Ran Davidson at either 1-888-456-1112 or 604-684-9384 or by email at corpdev@mnxltd.com.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management. We seek safe harbor.
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Bravo Venture Group reported today that warrant exercises during the month of December amounted to a total of 3,381,750 new common shares being issued for a total of $1,742,200. At December 31 the company's cash position was $9,650,000 and shares outstanding stood at 144,715,300.
The company said that the exercise includes 2,000,000 at $0.60 per share; 1,181,750 at $0.40 per share; 190,000 at $0.35 per share, and option exercises of 10,000 at $0.30 per share.
Bravo also reported today is has granted 2.6 million incentive stock options to directors, officers, employees and consultants, each exercisable at $0.45 per share for a period of five years. The granting of the stock options is subject to regulatory approval.
About Bravo Venture Group Inc.
Bravo Venture Group Inc. is focused on exploring its precious and base metal-rich Homestake Ridge project in British Columbia, a gold-rich epithermal/VMS-related system within Eskay Creek/Silbak-Premier stratigraphy. Pursuant to the recently announced “Plan of Arrangement”, Bravada Gold Corp. will focus on exploring Bravo’s extensive Carlin-type gold holdings strategically located within the Battle Mountain/Eureka “Cortez” gold trend in Nevada.
Rob Macdonald (P.Geo.) is the Qualified Person responsible for reviewing the technical results in this release.
On behalf of the Board of Directors
“Joseph A. Kizis, Jr.”
Joseph A. Kizis Jr., Director, President,
Bravo Venture Group Inc.
For further information, please visit the company’s website at bravoventuregroup.com or contact Jeff Stuart or Ran Davidson at either 1-888-456-1112 or 604-684-9384 or by email at corpdev@mnxltd.com.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management. We seek safe harbor.
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
<a href="http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA1056701032">http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA1056701032</a>
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.