Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Suite 202 – 837 West Hastings Street Vancouver, BC V6C 3N6
[email protected] www.bradesresource.com
TSX VENTURE SYMBOL: BRA FEBRUARY 6, 2014 FRANKFURT SYMBOL:B04
BRADES ANNOUNCES PRIVATE PLACEMENT, OPTIONS AND DIRECTOR
BRADES RESOURCE CORP. (“Brades” or “the Company“) (TSXV:BRA; FRANKFURT:B04) announces that the company intends to undertake a non brokered private placement of 6,666,667 units at $0.15, each unit being made up of one common share and one half common share purchase warrant (“Unit”) for a minimum gross proceeds of $1 million up to a maximum gross proceeds of $1.5 million (“the Offering”). Each whole common share purchase (“Warrant”) shall entitle the holder to acquire one common share of the Company at a price of $0.20 per share for a period of 12 months following the date of closing of the Offering. It is anticipated that management and insiders will participate in the private placement. A finder’s fee of 8% cash and/or 8% in finder’s warrants may be paid in connection with this Offering. Any finder’s warrants issued on the Offering will be issued on the same terms as the Warrants. The proceeds of the Offering will be used for general working capital purposes. The Offering is subject to the approval of the TSX Venture Exchange. The company also announces stock options for directors, consultants and employees at $0.15 for a period of 5 years from the date of the grant. Brades is also pleased to announce the appointment of Mr. Brian Biles to the board of Directors.
on behalf of the board, Shares issued: 19,331,042 Tony Chan, Director www.bradesresource.com
For information contact: Brian Biles, Director TEL: 604 687 7742 [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release includes certain statements that constitute “forward-looking information” within the meaning of applicable securities law, including without limitation, statements that address the timing and content of upcoming work programs, geological interpretations, receipt of property titles and exploitation activities and developments. Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks, including the ability of the Company to raise the funds necessary to fund the option earn-in on the Clearwater West property and, accordingly, may not occur as described herein or at all. Actual results may differ materially from those currently anticipated in such statements. 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. Readers are referred to the Company’s filings with the Canadian securities regulators for information on these and other risk factors, available at www.sedar.com. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.