VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 9, 2013) - Bralorne Gold Mines Ltd. (TSX VENTURE:BPM)(OTCQX:BPMSF)(FRANKFURT:GV7) ("Bralorne" or the "Company") has entered into a contractual agreement (the "Agreement") for the sale of its gold flotation concentrate produced at the Bralorne mine for the coming year of 2014. Pursuant to the Agreement, the buyer has agreed to provide quarterly advances with the first advance to be approximately $730,000.
The advance will bear interest of 8% per annum and interest accrued will be settled upon each shipment made on a bi-monthly basis.
The Company is pleased to have completed this Agreement as it secures the cash flow stream for flotation concentrate to be produced over the coming year of 2014. The advance provides the means for ongoing operations and expansion of exploration activities. We are excited to have developed a strong relationship with our buyer for the sale of future gold flotation concentrate.
For more information, please visit our website at: www.bralorne.com
ON BEHALF OF THE BOARD
William Kocken, Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This release contains statements that are forward-looking statements and are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Company's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement.