Bravada Gold Corporation announced a non-brokered private placement of 15,000,000 units at a price of CAD 0.035 per unit for gross proceeds of CAD 525,000 on September 29, 2023. Each Unit will consist of one common share and one share purchase warrant, with each warrant exercisable to purchase one additional common share for a period of three years at an exercise price of CAD 0.05 per share. The company will make provision for an over-allotment option to allow a purchase of up to 10% additional Units beyond the number of Units in this private placement.

The Company may pay finders' fees comprised of cash and non- transferable warrants in connection with the Offering, subject to compliance with the policies of the TSX Venture Exchange. All securities issued and sold under the Offering will be subject to a hold period expiring four months and one day from their date of issuance. Completion of the Offering and the payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.