TORONTO, ON--(Marketwired - November 14, 2016) - Bravo Multinational Incorporated (OTCQB: BRVO) reports a drastic reduction of the Corporation's issued and outstanding common shares.
BRVO OUTSTANDING SHARES REDUCED By 133.6 MILLION SHARES
Bravo Multinational Incorporated reduced its issued and outstanding common shares by over 133.6 MILLION SHARES. Now, the issued and outstanding common shares stand at just over 257 million. This reduction occurred through shares being returned to treasury through a variety of actions, including:
- Shares returned due to contract cancellations and court action;
- Shares returned from employment compensation issuances;
- Return of capital investment stock issuances; and
- Subsidiary shares return of Bravo Gaming Corporation.
Of the approximately 257 million remaining shares outstanding, over 94 million shares issued outside of legal protocols, remain under Company "Administrative Stop" ("Hold"); potentially resulting in additional share cancellations in future court proceedings.
The Company continues to work diligently on improving its Corporate structure while growing a profitable business and enhancing shareholder value.
About Bravo Multinational Incorporated:
Bravo Multinational Incorporated (OTCQB: BRVO) is a diversified Company, with its main focus on the development and expansion of the Casino Gaming Equipment holdings and Gaming related business activities throughout Central and South America. Bravo's growth strategy, driven by partnerships, acquisitions, and new ventures should result in financially viable and profitable corporate divisions.
For further information about Bravo Multinational Incorporated, please contact, Michael Sullivan, RedChip Companies Inc., 407-644-4256 ext.115, Michael@redchip.com, www.redchip.com and www.bravomultinational.com
Bravo Multinational Incorporated cautions that the statements made in this press release and other forward looking statements made on behalf of the Company may be affected by some factors. These include, but not limited to, vagaries of trade, market competition and other risks detailed herein and from time to time in the U.S. Securities and Exchange Commission filings of the Company.
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