Bravo Venture Group Inc.

Bravo Venture Group Inc.

November 27, 2008 12:46 ET

Bravo Announces Non-Brokered Unit Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 27, 2008) - Bravo Venture Group Inc. (TSX VENTURE:BVG)(FRANKFURT:B6I) reported today that the company proposes to issue a total of 550,000 common shares at a price of C$0.35 in a unit non-brokered private placement for total gross proceeds of C$194,250.

Each unit will consist of one common share and one share purchase warrant exercisable to purchase one additional common share at an exercise price of C$0.40 per share for a period of two years from the closing date. In the event that the company's shares trade at a closing price of greater than $0.80 per share for a period of 20 consecutive days at any time after six months from closing, the company may accelerate the expiry date of the Warrants by providing notice to the shareholders thereof and in such case the Warrants will expire on the 30th day after the date on which such notice is given by the Corporation. Net proceeds will be for general working capital. Finder's fees may be payable.

The private placement and finders fees are subject to regulatory approval.

On behalf of the Board of Directors

Joseph A. Kizis Jr., Director, President, Bravo Venture Group Inc.

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.

Contact Information