NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Bravura Ventures Corp. (TSX VENTURE:BVQ) (the "Company" or "Bravura") is pleased
to announce that it has entered into a letter of intent dated April 3, 2013 (the
"LOI") with RedLion Resources Corp. ("RedLion"), a British Columbia private
company, which outlines the general terms and conditions pursuant to which
Bravura and RedLion would complete a transaction resulting in a reverse
take-over of Bravura by the shareholders of RedLion (the "Proposed
Transaction"). The LOI was negotiated at arm's length and dated of April 3,
2013.


The LOI is to be superseded by a definitive agreement (the "Definitive
Agreement") to be executed on or before June 30, 2013 (or such other date as may
be mutually agreed between the parties). The Transaction is subject to requisite
regulatory approval, including the approval of the TSX Venture Exchange (the
"TSXV") and standard closing conditions, including the approval of the of the
Definitive Agreement by the directors and shareholders of each of Bravura and
RedLion, as well as the conditions described below. 


The legal structure for the Proposed Transaction will be determined after the
parties have considered applicable tax, securities law and accounting
efficiencies and it is currently contemplated that the Proposed Transaction will
be completed as a triangular merger or direct acquisition pursuant to which
Bravura will acquire all of the outstanding shares of RedLion in exchange for
post-consolidation common shares issued on the basis of one post-consolidation
Bravura common share for each one outstanding RedLion common share. It is
contemplated that Bravura will also acquire all outstanding options and warrants
of RedLion in exchange for equivalent options and warrants, adjusted for the
applicable exchange ratio.


Trading in the common shares of Bravura (the "Bravura Shares") is halted at
present. It is the intention of the parties that the Bravura Shares will not
resume trading until the Proposed Transaction is completed and approved by the
TSXV.


About RedLion 

RedLion was incorporated on November 26th, 2010 under the laws of British
Columbia. RedLion is a privately-held junior exploration company that holds,
through its wholly-owned Colombian subsidiary Redlion Resources Colombia SA.S.
("RedLion Colombia"), a 50% interest in a registered mining concession known as
Quebrada Grande (the "Property"). The Property covers an area of 1,994 hectares
and is located in the department of Bolivar, Colombia. 


RedLion has also entered into an agreement in respect of six mining concessions
contiguous to the Quebrada Grande property, covering a total area of 11,101
hectares, under which it will have the option to acquire, upon certain payments
having been made, up to an 80% interest in the associated mining concessions
when and if such applications are approved.


Quebrada Grande and the contiguous applications (13,095 hectares in total) are
located in the north central part of the Segovia Batholith. The southern part of
the batholith contains the Segovia gold belt which hosts a number of large
producing mines. 


The property is associated with quartz veins and silicified breccias in
intrusive and volcanic rocks, and veins of up to 1.5m in width have been
identified as well as breccia zones greater than 30m in width and 100m in
length. 


Gold is being exploited by artisanal workers from at least 13 sites within the
boundaries of the Quebrada Grande Project and from numerous other locations in
the immediate neighborhood. RedLion's 2012 exploration program verified the
location and confirmed gold mineralization on 4 of these workings as well as
identified numerous large, intensive alteration zones.


Three composite grab samples collected during a 2012 exploration program from
veins being mined by artisanal miners contained values from 10.1 to 28.2 g/t Au.



A National Instrument 43-101 Technical Report in connection with the Property
has been commissioned and will be filed on SEDAR when Bravura files its
disclosure document with respect to the Proposed Transaction.


In addition to its exploration program and as part of its corporate philosophy
of sustainable mining and social responsibility RedLion is studying the
feasibility of incorporating an artisanal participation model ("APM") into its
long-term strategy. RedLion believes strongly that working with the community to
enhance current mining practices can have both a positive financial, and social
benefit to all the stakeholders concerned. At present, RedLion has evaluated and
identified the financial model, and has begun early discussions with some of the
key interest groups. RedLion intends to move forward with creating specific mine
inventories, and basic metallurgy with the goal of aggregating ore for resale or
processing when and if the company deems it economically viable.


Mr. Robert Cameron, P. Geo is a "qualified person" under National Instrument
43-101 and has reviewed the technical disclosure regarding RedLion in this Press
Release.


Board and Management of Bravura After the Proposed Transaction

It is anticipated that upon completion of the Proposed Transaction, the
management and Board of Directors of Bravura will include the following:


Marc Branson, President, CEO and Director

Mr. Branson is an entrepreneur and management consultant with experience in
building both private and public companies. Marc is currently the founder and
managing director of an OEM/ODM company focused on telecom and specialty
communications products, and sits on the board for several other resource based
companies.


Robert Cameron, Director

Mr. Cameron is a graduate geologist of Carleton University and a member of the
Association of Professional Engineers and Geoscientists of British Columbia and
has over 30 years of experience in the mining industry. He has recently held the
position of CEO of Valley High Ventures Ltd. until the Company was sold to its
joint venture partner in 2011. Prior to this Mr. Cameron was a Mining Analyst
for Research Capital Inc. and prior to that held the position of Vice President
and Manager of Exploration for Phelps Dodge Corporation of Canada Limited (a
subsidiary of Freeport-McMoran Copper & Gold Inc.). Mr. Cameron's career
includes all aspects of mining exploration throughout the world including North
and South America, Asia and Europe. Mr. Cameron is a qualified person for the
purposes of NI 43-101 and is currently President and CEO of Bearing Resources
Ltd., a TSX-listed exploration company, focused on gold and copper properties in
British Columbia, Canada and Durango, Mexico.


Randy Martin, Director

Mr. Martin is a mining engineer with over 30 years of mining experience. He is
currently Chairman and CEO of RNC (Management) Ltd. a private company that owns
and operates the Bonanza Mine in Nicaragua. He is also chairman of affiliated
companies that are developing hydroelectric and forestry operations in
Nicaragua. Mr. Martin is on the board of directors and a member of the executive
committee of Norteak Madera, S.A. a forestry management company in Nicaragua.
Until recently, Mr. Martin was on the board of Gran Colombia Gold where he
remains on their technical advisory board. He was formerly vice-chairman and CEO
of Colombia Goldfields until its amalgamation with Medoro Resources in 2009 and
was also founder, chairman and CEO of RNC Gold Ltd. until its merger with Yamana
Gold, Inc. in 2006. Mr. Martin graduated from the Henry Krumb School of Mines,
Columbia University in the City of New York. 


Douglas Fletcher, Director

Mr. Fletcher is currently a managing director of ChapmanCraig Limited, a Hong
Kong-based wealth management company, and has a broad range of investment
banking experience, including as a Vice President in BMO Nesbitt Burns'
Investment and Corporate Banking unit and as a Director in Citigroup's
Investment Banking division (New York, Sydney and Singapore). Mr. Fletcher is
also a non-practicing member of the Law Society of British Columbia. 


Kevin Slichter, Director

Mr. Slichter has over 20 years experience within the financial industry as a
investment advisor, and corporate consultant. Kevin has worked with both public
and private companies to structure financings mainly in the resource and high
tech sectors.


Anthony Jackson, CFO 

Mr. Jackson is a Principal of Jackson & Company, Chartered Accountants assisting
private and public companies in a variety of industries with full service
accounting, tax and financial advisory services. Mr. Jackson also founded
BridgeMark Financial Corp., a company providing accounting and financial
consulting services to developing and mature stage companies by handling all
aspects of administration, compliance, reporting and finance activities. Prior
to his time at Jackson & Company, Mr. Jackson spent a number of years working at
Ernst & Young LLP and obtaining his CA designation before moving onto work as a
senior analyst at a boutique investment banking firm. Mr. Jackson earned a
Bachelor of Business Administration degree from Simon Fraser University, and
holds the professional designation of Chartered Accountant (CA), and is a member
of the B.C. and Canadian Institute of Chartered Accountants. Mr. Jackson has had
extensive experience as a Director and CFO of numerous publicly traded
corporations in the metals and mining industry.


Dr. Stewart Redwood, Technical Advisor

Dr. Redwood has a degree in geology from Glasgow University (1982) and obtained
his PhD from Aberdeen University (1986) for his work on the gold and silver
deposits of Bolivia. 


From 2005 to 2009, Dr. Redwood was Vice-President of Exploration for Colombia
Goldfields Ltd., which developed the Marmato gold project before it was acquired
by Medoro Resources (now Gran Colombia Gold Corp.). From 2004 to 2005, he was
President and Chief Executive Officer of GoldQuest Mining Corp., and was one of
the founders of its predecessor in 2001. Dr. Redwood has also worked with
AngloGold Ltd. (now AngloGold Ashanti), and Inmet Mining Corp and as director of
exploration for Mintec SA, the largest mining consulting company in Bolivia that
discovered the San Cristobal silver-zinc deposit. While at Inmet, he supervised
the reserve drilling program that increased Antamina's minable reserves fourfold
to 500 million tonnes grading 1.2 per cent copper and 1.0 per cent zinc. His
last position with Inmet was General Manager, Peru. 


Dr. Redwood is a Fellow of the Institute of Materials, Minerals and Mining
(FIMMM), a Fellow of the Geological Society of London (FGS), a Fellow of the
Society of Economic Geologists and is a qualified person for the purposes of NI
43-101.


Other Transaction Details

Name Change and Share Consolidation 

Prior to closing the Proposed Transaction, Bravura plans to consolidate all of
the issued and outstanding common shares of the Company on an up to five for one
basis. The proposed share consolidation is subject to TSXV acceptance and
shareholder approval. 


The effect of the proposed consolidation will be to reduce the number of common
shares issued and outstanding from 11,318,751 pre-consolidated common shares to
2,263,750 post-consolidated common shares. 


Bravura also intends to change its name in conjunction with the proposed share
consolidation that is acceptable to both Redlion and the TSXV.


Financing

Prior to or concurrently with completion of the Proposed Transaction, either or
both of RedLion or Bravura may complete one or more private placement financings
on terms and conditions acceptable to each of Bravura, RedLion and the TSXV (the
"Financings").


Conditions to the Proposed Transaction

The completion of the Transaction will be subject to at least the following
conditions precedent ("Conditions of Closing"):




a.  the execution of the Definitive Agreement; 
b.  the approval of the Consolidation, the Name Change and other matters in
    support of the Transaction by the requisite majority of the votes cast
    by the shareholders of the Company; 
c.  receipt of a Technical Report with respect to the "Property" prepared in
    accordance with NI 43-101, and acceptable to the TSXV; 
d.  the receipt of all necessary regulatory, corporate and third party
    approvals, including the approval of the TSXV, and compliance with all
    applicable regulatory requirements and conditions in connection with the
    Transaction;  
e.  the Company maintaining its listing on the TSXV; 
f.  the confirmation of the representations and warranties of each party to
    the Definitive Agreement as set out in such agreement; 
g.  the absence of any material adverse effect on the financial and
    operational condition or the assets of each of the parties to the
    Definitive Agreement; 
h.  the delivery of standard completion documentation including, but not
    limited to, legal opinions from Canadian legal counsel, legal opinions
    from RedLion's Colombian legal counsel, officers' certificates and
    certificates of good standing or compliance; and 
i.  other condition precedents customary for a transaction such as the
    Proposed Transaction.



The parties are working diligently to prepare a definitive agreement based on
the terms of the LOI and that contains representations and warranties, closing
conditions and such other terms and agreements as are customary in agreements of
this nature.


ON BEHALF OF THE BOARD

Brook Bellian, President and Interim CEO

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 be completed 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.


The TSX Venture Exchange has in no way passed upon the merits of the Proposed
Transaction and has neither approved nor disapproved the contents of this press
release.


Neither the 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.


Forward-Looking Statements

This news release may contain forward-looking statements that are based on the
Company's current expectations and estimates. Forward-looking statements are
frequently characterized by words such as "plan", "expect", "project", "intend",
"believe", "anticipate", "estimate", "suggest", "indicate" and other similar
words or statements that certain events or conditions "may" or "will" occur, and
include, without limitation, statements regarding the Company's current plans.
Such forward-looking statements involve known and unknown risks, uncertainties
and other factors that could cause actual events or results to differ materially
from estimated or anticipated events or results implied or expressed in such
forward-looking statements. Such forward-looking statements are qualified in
their entirety by the inherent risks and uncertainties surrounding future
expectations, including that the Proposed Transaction contemplated herein is
completed. Forward-looking statements are based on a number of assumptions which
may prove to be incorrect, including, but not limited to: the ability of Bravura
and RedLion to obtain necessary shareholder approval to complete the Proposed
Transaction or to satisfy the requirements of the TSXV with respect to the
Proposed Transaction. The cautionary statements qualify all forward-looking
statements attributable to Bravura and RedLion and persons acting on their
behalves. Any forward-looking statement speaks only as of the date on which it
is made and, except as may be required by applicable securities laws, the
Company disclaims any intent or obligation to update any forward-looking
statement, whether as a result of new information, future events or results or
otherwise. Forward-looking statements are not guarantees of future performance
and accordingly undue reliance should not be put on such statements due to the
inherent uncertainty therein. 


The securities referred to in this news release have not been, and will not be,
registered under the United States Securities Act of 1933, as amended, or any
state securities laws, and may not be offered or sold in the United States
unless pursuant to an exemption therefrom. This press release is for information
purposes only and does not constitute an offer to sell or a solicitation of an
offer to buy any securities of Bravura or RedLion in any jurisdiction.


FOR FURTHER INFORMATION PLEASE CONTACT: 
RedLion Resources Corp.
Marc Branson
604-687-2038
marc@redlionresources.com


Bravura Ventures Corp.
Brook Bellian
778-883-7869
bbellian@yahoo.com

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