-- Elect incumbent board members,
Joseph A. Kizis, Jr., Lawrence Page Q. C., John Kerr, Michael Rowley, G. Ross McDonaldand Richard Hughesand also to elect Mr. Nigel Bunting, a nominee who has not previously served in such capacity. After attending Gordonstoun Schooland the College of Lawin London, Nigel Buntingjoined Lloyds of London Insurancebroker CT Bowring & Co in 1979, which subsequently became Marsh & McLennan. In 1997 Nigel joined Suffolk Life, an embryonic Insurance company. Nigel became a Director in 1998, and over the next 10 years played a pivotal role turning the company into the one of the UK'sleading self-invested personal pension (SIPP) administrators. Nigel was for many years not only the main Media contact at Suffolk Life, but also had sole responsibility for the Sales & Marketing of the business. By 2008 Suffolk Lifehad GBP 2.5 billionassets under management and the business was bought by Legal & General for GBP 62.5m. Since then Nigel has focused on his various Charitable & Investment interests, which are mainly in the commodity and precious metals space which has become a passion for Nigel. Mr. Paul Dircksendid not stand for election and the Company thanks him for his service as a director over many years. By subsequent directors' resolution, certain directors and officers were appointed as officers including: Joseph A. Kizis, Jr. as President, Lawrence Pageas Chairman, Graham Thatcheras Chief Financial Officer and Arie Pageas Corporate Secretary. -- Approve the Company's 2014 10% rolling incentive stock option plan. -- Approve as a Special Resolution a sale of the Company's shares of two wholly-owned subsidiary companies holding the majority of the Company's mineral properties.
At the Meeting, the Chairman advised the shareholders that conclusion of the sale of the Company's subsidiaries' shares (the "Transaction") was uncertain. The Company has since confirmed that the Transaction will not proceed.
Subsequent to termination of the Transaction, Mantra Capital Inc. presented Bravada with an alternative offer for the sale of the
-- Cd$50,000 upon execution of an option agreement; -- Within 60 days of receiving TSXV approval,
$450,000cash and $100,000in Mantra stock; -- Upon the first anniversary of TSXV approval, $500,000cash and $100,000in Mantra stock; -- Upon the second anniversary of TSXV approval, $2,000,000(up to 50% as Mantra stock); and -- Upon the third anniversary of TSXV approval, $2,000,000(up to 50% as Mantra stock).
"Although significant new gold deposits have become increasingly rare worldwide, large and high-grade gold deposits continue to be discovered in
Bravada is a member of the
About Mantra Capital Inc.
Mantra Capital Inc. is a growth company focused on the exploration and development of precious and base metals. The Company currently has the option to acquire an undivided 100% interest in and to certain mineral claims in
On behalf of the Board of Directors of
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This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. These statements are based on a number of assumptions, including, but not limited to, assumptions regarding general economic conditions, interest rates, commodity markets, regulatory and governmental approvals for the company's projects, and the availability of financing for the company's development projects on reasonable terms. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions.
FOR FURTHER INFORMATION PLEASE CONTACT:
Bravada Gold Corporation604.899.2515 or toll free 1.888.456.1112 www.bravadagold.com Source: Bravada Gold Corporation