Bravura Ventures Corp: Receives TSXV Conditional Acceptance and Files Filing Statement
13.03.2014 | Presse Minen
Vancouver, March 13, 2014 - Bravura Ventures Corp. TSX-Venture: BVQ:TSXV) (the “Company” or “Bravura”) announces that it has received an extension to the conditional acceptance from the TSX Venture Exchange (the “Exchange”) for a period of 60 days to the proposed reverse takeover transaction (the “Transaction”) pursuant to which the Company will acquire all of the outstanding shares of RedLion Resources Corp. (“RedLion”) in exchange for post-consolidation common shares of the Company.The Amalgamation Agreement entered into among the Company, RedLion and 0972774 B.C. Ltd., a wholly-owned subsidiary of RedLion, has been further amended to extend the completion deadline of the Transaction to May 2, 2014, or such later date as may be agreed upon the parties.
In connection with the Transaction, the Company has filed a Filing Statement dated December 20, 2013 on SEDAR which is available for viewing under the Company’s profile at www.sedar.com.
Trading in the common shares of the Company is halted at present. It is the intention of the parties that the shares will not resume trading until the Transaction is completed and final acceptance received from the Exchange. The parties expect to complete the transaction prior to May 2, 2014 or such later date as may be agreed upon the parties.
ON BEHALF OF THE BOARDS OF DIRECTORS
Brook Bellian, President and Interim CEO
Bravura Ventures Corp.
For further information on Bravura, please contact Brook Bellian, President and Interim CEO, at (778) 883-7869 or via email bbellian@yahoo.com
For further information on RedLion Resources Corp, please contact Marc Branson, President, CEO and Director, at (604) 283-1722 or via email marc@redlionresources.com
Completion of the Proposed Transaction is subject to a number of conditions, including TSX Venture Exchange acceptance and shareholder approval. The Proposed Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Proposed Transaction will becompleted as proposed or at all.
Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the transaction, any information released or received with respect to the Proposed Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of Bravura should be considered highly speculative.
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