On July 21, 2022, Bravo Mining Corp. closed its initial public offering of 23,000,000 common shares at a price of $1.75 per share for gross proceeds of $40.25 million. The common shares of Bravo are expected to commence trading on the TSX Venture Exchange under the ticker symbol “BRVO” on July 25, 2022.
Canaccord Genuity Corp. and BMO Capital Markets acted as co-lead agents for the offering on behalf of a syndicate that included National Bank Financial Inc., Cormark Securities Inc. and INFOR Financial Inc.
Bravo has granted the agents an over-allotment option, exercisable for a period of 30 days following the closing of the offering, to sell up to 3,450,000 additional common shares for additional gross proceeds of $6,037,500 if the over-allotment option is exercised in full.
Cassels acted for the agents.