Bravo Venture Group Inc.

Bravo Venture Group Inc.

February 24, 2009 16:35 ET

Bravo Closes Previously Announced Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 24, 2009) - Bravo Venture Group Inc. (TSX VENTURE:BVG)(FRANKFURT:B6I) reported today the company has closed on a previously announced (February 6, 2009) non-brokered flow-through private placement of 600,000 units at a price of C$0.50 per unit to raise C$300,000. Each unit consists of 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 $0.60 per share for a period of two years from the closing date. All proceeds from this placement will fund ongoing exploration costs at the Homestake Ridge project in NW British Columbia. The 600,000 unit private placement with all the common shares issued pursuant to this unit offering, including share purchase warrants and units issued as finders fees, carry a legend restricting the shares from trading for a period of four months until June 20th, 2009.

On behalf of the Board of Directors

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

We seek safe harbor.

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.

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