Bravada Gold Corporation announced a non-brokered private placement of up to 24,000,000 units at a price of CAD 0.05 per unit for the aggregate gross proceeds of CAD 1.2 million on July 20, 2023. Each Unit will consist of one common share and one-half of share purchase warrant, with each full warrant exercisable to purchase one additional common share for a period of three years at an exercise price of CAD 0.10 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 which is 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. The transaction is subject to the approval of all necessary regulatory authorities and the TSX Venture Exchange.

The securities have not been and will not be registered under the United States Securities Act of 1933.