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/NOT FOR DISTRIBUTION TO US NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./
VANCOUVER, BC , July 18, 2022 /CNW/ – Bravo Mining Corp. (“Bravo” or the “Company“) is pleased to announce that it has obtained a receipt for its final prospectus (the “Prospectus“) filed with the securities regulatory authorities in each of the provinces of Canadaother than Québec, for an initial public offering (the “Offering“) of 23,000,000 common shares of the Company (“Shares“) at a price of $1.75 per Share (the “Offering Price“) for gross proceeds of $40,250,000.
Canaccord Genuity Corp. and BMO Capital Markets are acting as co-lead agents for the Offering on behalf of a syndicate that includes National Bank Financial Inc., Cormark Securities Inc. and INFOR Financial Inc.
Bravo has granted the agents an over-allotment option (the “Over-Allotment Option“), exercisable in whole or in part, at the sole discretion of the agents, at any time on and for a period of 30 days following the Closing Date (as defined below), to sell up to 3,450,000 additional common shares of the Company (representing 15% of the aggregate number of Shares sold pursuant to the Offering) at the Offering Price, for additional gross proceeds to the Company of $6,037,500 if the Over-Allotment Option is exercised in full.
The closing of the Offering is expected to occur on or about July 21, 2022 (the “Closing Date“) and is…
Full story available on Benzinga.com
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