Bravura Ventures expects to oversubscribe private placement
24 Aug, 2017, 03:05 ET
VANCOUVER, Aug. 24, 2017 /PRNewswire/ - Bravura Ventures Corp. (CSE: BVQ; OTC: BRVVF; FRA: 23B) ("Bravura" or the "Company") wishes to announce further to Bravura Ventures Corp news release dated May 9, 2017, with respect to the company's $2-million private placement, investor interest in the 25-cent unit financing has been well received. The company expects to exceed the previously announced $2-million offering and plans to proceed with the overallotment option of the financing. The company anticipates closing on an oversubscribed basis.
"I'm very pleased to see the public has taken a great interest in the sector and projects we are working on. We will continue to asses and look to acquire projects that fit our mandate of securing strong cobalt resources in favourable environments."
The Company's board currently consists of Greg Burns, Jerry Huang, Von Torres, Ken Tollstam and Quinn Field-Dyte. The Company plans to continue to add professionals that will add value to the current Bravura team.
Mr. Burns, CEO of Bravura Ventures also holds the position of director of mergers and acquisitions for Capital Investment Partners, a Western Australia-headquartered investment bank which has access to capital north of a billion dollars, with an office in Vancouver. Mr. Burns was the previous managing director of Xenolith, subsequently Coalspur Mines Ltd which raised in excess of $350 million was taken over by Cline Group in 2015. He was also a director of White Canyon Uranium before the company was taken over by Denison Mines in 2010.
Mr. Burns has held senior operational roles with Goldstream Mining, Adamus Resources Ltd. and Platinum Australia Ltd., utilizing his extensive skills in all areas of exploration geology, office-based management, data interpretation, and project appraisal and acquisition. Mr. Burns graduated from the University of Canterbury in New Zealand with a bachelor of science majoring in geology. Mr. Burns is a member of the Canadian Institute of Mining, Metallurgy and Petroleum, Australian Institute of Mining and Metallurgy, and Australian Institute of Geoscientists (AIS). Mr. Burns has over 22 years of corporate and technical experience in mineral exploration, and has held executive board positions with several prominent exploration and mining companies in Canada and Australia.
Mr. Huang started his career at a Tier 1 bank in Canada managing over $120-million for HNW clients before joining executive roles at prominent junior mining companies. Junior mining companies he was part of included: TNR Gold (joint venture with McEwan Mining on large $16-billion copper project Los Azules) and International Lithium, the first lithium company on the TSX Venture Exchange in 2010 which received initial public offering financing from the largest battery company in China. He continues to serve in corporate development and investor relations roles with a mining service company and producing miners with combined annual revenues of over $100-million.
Mr. Torres brings experience in corporate management services to both private and public companies. Mr. Torres currently sits on the board and acts in a corporate secretarial role of multiple publicly traded companies.
Mr. Tollstam has spent a number of years at Deloitte Touche, where he obtained his CA, before going on to hold various executive management and director of finance positions throughout his career. Currently, Mr. Tollstam serves as director of several private and publicly traded companies.
Mr. Field-Dyte has over eight years of experience in the financial services industry having served from 1996 to 2004 as an investment adviser and later as a consultant to Raytec Development Corp. From 2004 to 2010, he was involved in the interactive entertainment industry, working at Electronic Arts Inc. (EA Games) and co-founding Embassy Interactive Games before returning to the financial industry in 2010. Mr. Field-Dyte currently sits on the board of multiple publicly traded companies.
ON BEHALF OF THE BOARD OF DIRECTORS OF BRAVURA VENTURES CORP.
Greg Burns, Director
Disclaimer for Forward-Looking Information
Historical data for the prospects were performed under supervision of a Professional Engineer or a geologist, and believed to be of good quality, with drill core and underground sampling results from fire assay analyses by B.C. Certified Assayers. However, under NI43-101 policy historical information included in this release has not been verified by a QP, and as such cannot be relied upon and must be treated as historical in nature.
This press release contains "forward-looking information" within the meaning of applicable securities laws, including statements that address capital costs, recovery, grade, and timing of work or plans at the Company's mineral projects. Forward-looking information may be, but not always, identified by the use of words such as "seek", "anticipate", "plan", "planned", "continue", "expect", "thought to", "project", "predict", "potential", "targeting", "intends", "believe", "opportunity", "further" and others, or which describes a goal or action, event or result such as "may", "should", "could", "would", "might" or "will" be undertaken, occur or achieved. Forward-looking information in this press release includes, but is not limited to, statements regarding expectations of management regarding the acquisition of the Property and includes that address future mineral production, reserve potential, potential size or scale of a mineralized zone, potential expansion of mineralization, potential type(s) of mining, potential grades as well as to the Company's ability to fund ongoing expenditure, or assumptions about future metal or mineral prices, currency exchange rates, metallurgical recoveries and grades, favourable operating conditions, access, political stability, obtaining or renewal of existing or required mineral titles, licenses and permits, labour stability, market conditions, availability of equipment, accuracy of any mineral resources, anticipated costs and expenditures. Assumptions may be based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct. Such forward-looking information involves known and unknown risks, which may cause the actual results to materially differ, and/or any future results expressed or implied by such forward-looking information. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking information is subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements including, without limitation, the risks that the Company may not have the funds necessary to make its payments pursuant to the Agreement, that the CSE may not approve the transaction, and other factors beyond the control of the Company.
Additional information on risks and uncertainties can be found within Financial Statements and other materials found on the Company's SEDAR profile at www.sedar.com. Although Bravura has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Bravura withholds any obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless required by law.
SOURCE Bravura Ventures Corp.
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