Bravura Ventures completes $1.65M financing

pcNewsWireBravura Ventures Corp. (CSE: BVQ; OTC: BRVVF; FRA: 23B) has closed its previously announced non-brokered private placement consisting of 6,930,000 non-flow-through units at $0.15 per unit for $1,039,500 and 1,070,000 flow-through units at $0.15 per unit for gross proceeds of $160,500 and $450,000 secure debentures.

News Release

Bravura Venture Corp. Announces Closing of Financings for $1,650,000

Vancouver, British Columbia – Bravura Ventures Corp. (CSE: BVQ; OTC: BRVVF; FRA: 23B) (“Bravura” or the “Company”) announces that it has closed its previously announced non-brokered private placement (the “Private Placement”) dated May 4, 2017 consisting of 6,930,000 non-flow-through units at a price of $0.15 cents per unit for gross proceeds of $1,039,500. Each Unit will be comprised of one common share of the Issuer (a “Share”) and one half of one common share purchase warrant of the Issuer (each whole warrant, a “Warrant”). Each Warrant will be exercisable into a common share of the Company (a “Warrant Share”) for a period of 12 months at an exercise price of CDN$0.20 during the 12 months.

The company also announces that it has closed another non-brokered private placement for 1,070,000 flow-through units at a price of $0.15 cents per unit for gross proceeds of $160,500. Each Unit will be comprised of one flow through share of the Issuer (a “Share”) and one common share purchase warrant of the Issuer (each whole warrant, a “Warrant”). Each Warrant will be exercisable into a common share of the Company (a “Warrant Share”) for a period of 12 months at an exercise price of CDN$0.20 during the 12 months.

Following the closing of the two private placements, the company has closed its non-brokered private placement of secured convertible debentures. The Private Placement consisted of proceeds of up to $450,000, the debentures are expected to mature 12 months from the date of issue, accrue interest at a rate of 12 per cent per year and are convertible into units of the company at a per-unit conversion price equal to $0.15. Each unit comprises one common share and one common share purchase warrant of the company. Each warrant entitles the holder to acquire one additional common share of the company at an exercise price $0.20. The company relied on exemptions contained in National Instrument 45-106 prospectus exemptions in order to complete the private placement.

BRAVURA VENTURES CORP.
“Greg Burns”
_______________________
Greg Burns, Director
Contact Information:
800 – 1199 West Hastings Street
Vancouver, British Columbia
V6E 3T5
Tel.: 604.283.1722 / Fax: 1.888.241.5996