Homestake Ridge - British Columbia

In 2011, Homestake Resource reported an updated mineral resource estimate, (NI43-101 compliant) of 191,000oz gold and 1,350,000oz silver indicated plus 530,000oz gold and 13,470,000oz silver inferred at a 3.0 g/t AuEq. cut-off in two separate deposits.

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Message: Announces Non-Brokered Flow-Through Financing, Shareholders Rights Plan
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Announces Non-Brokered Flow-Through Financing, Shareholders Rights Plan

posted on Feb 06, 2009 10:16AM
February 6, 2009
Bravo Announces Non-Brokered Flow-Through Financing, Shareholders Rights Plan
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 6, 2009) - Bravo Venture Group Inc. (TSX VENTURE:BVG)(FRANKFURT:B6I) reported today that the company shall issue up to 600,000 units in a non-brokered flow-through private placement at a price of C$0.50 per unit to raise C$300,000. Each unit will consist of one common flow-through share and one-half non flow-through share purchase warrant, each whole warrant exercisable to purchase one additional common share at an exercise price of $0.60 per share for a period of two years from the closing date. All proceeds from this placement will be expended on the company's 100% owned Homestake Ridge project located in NW British Columbia. Finder's fees may be payable.

The private placements and finders fees are subject to regulatory approval.

Bravo also reported that shareholders overwhelmingly approved and ratified the company's Shareholder Rights Plan during the company's annual general meeting held on January 8th, 2009.

The Rights Plan was adopted to ensure the fair treatment of all Bravo shareholders in the event of an unsolicited take-over bid for the outstanding common shares of Bravo. In the event that a take-over bid should occur, the Rights Plan provides a mechanism to ensure that shareholders have adequate time to properly evaluate and assess it without facing undue pressure or coercion. The Rights Plan also provides the Board with additional time to consider any take-over bid and, if applicable, to explore alternative transactions in order to maximize shareholder value. Accordingly, the Rights Plan is not designed to prevent take-over bids that treat Bravo's shareholders fairly.

The Rights Plan is subject to acceptance by the TSX Venture Exchange.

A copy of the Shareholder Rights Plan Agreement will be available under the company's profile at www.sedar.com, the website maintained by the Canadian securities regulatory authorities. Reference should be made to the full text of the plan for the details of its provisions.

On behalf of the Board of Directors

Joseph A. Kizis Jr., Director, President, Bravo Venture Group Inc.
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