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10.02.2009
Bravo Venture arranges $300,000 financing

Bravo Venture arranges $300,000 financing

Bravo Venture Group Inc (C:BVG)
Shares Issued 97,061,979
Last Close 2/5/2009 $0.495

Friday February 06 2009 - News Release

Mr. Joseph Kizis reports

BRAVO ANNOUNCES NON-BROKERED FLOW-THROUGH FINANCING, SHAREHOLDERS RIGHTS PLAN

Bravo Venture Group Inc. will issue up to 600,000 units in a non-brokered flow-through private placement at a price of 50 cents per unit to raise $300,000. Each unit will comprise one common flow-through share and one-half non-flow-through share purchase warrant, each whole warrant exercisable 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 on the company's 100-per-cent-owned Homestake Ridge project located in northwest British Columbia. Finders' fees may be payable.

The private placements and finders' fees are subject to regulatory approval.

Bravo also reported that shareholders overwhelmingly approved and ratified the company's shareholder rights plan during the company's annual general meeting held on Jan. 8, 2009.

The rights plan was adopted to ensure the fair treatment of all Bravo shareholders in the event of an unsolicited takeover bid for the outstanding common shares of Bravo. In the event that a takeover bid should occur, the rights plan provides a mechanism to ensure that shareholders have adequate time to properly evaluate and assess it without facing undue pressure or coercion. The rights plan also provides the board with additional time to consider any takeover bid and, if applicable, to explore alternative transactions in order to maximize shareholder value. Accordingly, the rights plan is not designed to prevent takeover bids that treat Bravo's shareholders fairly.

The rights plan is subject to acceptance by the TSX Venture Exchange.

A copy of the shareholder rights plan agreement will be available under the company's profile on SEDAR, the website maintained by the Canadian securities regulatory authorities. Reference should be made to the full text of the plan for the details of its provisions.




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