Bravura Ventures Corp.

June 30, 2011 16:16 ET

Bravura Ventures Corp.: Initial Public Offering Completed

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 30, 2011) - Bravura Ventures Corp. (the "Company") is pleased to announce that it has completed its initial public offering (the "Offering") which raised aggregate gross proceeds to the Company of $825,000 through the Company's agent, Haywood Securities Inc. (the "Agent"). The Company issued 5,500,000 common shares (each a "Share") at a purchase price of $0.15 per Share.

As consideration for the services provided by the Agent to the Company, the Agent received an aggregate cash commission of $70,125, a corporate finance fee of 100,000 common shares of the Company, a work fee and an aggregate of 467,500 non-transferable agent's warrants (each an "Agent's Warrant"). Each Agent's Warrant is exercisable to acquire up to one common share in the capital of the Company (an "Agent's Warrant Share") at an exercise price of $0.20 per Agent's Warrant Share exercisable at any time on or before June 29, 2013. Of the Agent's Warrants issued, 17,500 were not qualified for distribution under the Company's prospectus and are subject to a four month hold until July 30, 2011 pursuant to securities legislation.

The Company is engaged in the acquisition and exploration of mineral resource properties. The Company's principal mineral resource property interest is its option to acquire a 100% interest in the Greenhorn Property located in southeastern British Columbia.

Proceeds from the Offering will be used to fund exploration activities on the Greenhorn Property and for general working capital purposes.

It is expected that the Company's common shares will commence trading on the TSX Venture Exchange at the opening of the market on July 4, 2011 under the trading symbol "BVQ".

ON BEHALF OF THE BOARD

Brook Bellian, President and Chief Executive Officer

Neither the 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.

Contact Information

  • Bravura Ventures Corp.
    Quinn Field-Dyte
    Corporate Secretary
    604-683-8610
    604-683-4499 (FAX)
    qpfd.is@gmail.com