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Enter Symbol
or Name
USA
CA



Bravura Ventures Corp (2)
Symbol BVQ
Shares Issued 4,243,750
Close 2015-02-10 C$ 0.02
Market Cap C$ 84,875
Recent Sedar Documents

ORIGINAL: Bravura Ventures completes 1:5 rollback, financing

2015-03-06 14:03 ET - News Release

Received by email:

File: 13425252_1_Bravura - News Release re_ 5_1 Consolidation  PP#1 (March 6_ 2015) .pdf

                                            News Release

March 6, 2015

     BRAVURA ANNOUNCES COMPLETION OF 5:1 SHARE CONSOLIDATION AND PRIVATE
  PLACEMENT FOR GROSS PROCEEDS OF $100,000 AND THE RECORD DATE AND EFFECTIVE
                      DATE FOR ITS PLAN OF ARRANGEMENT

Vancouver, British Columbia � Bravura Ventures Corp. (CSE: BVQ) (the "Company"), further to its
news release dated March 4, 2015, announces that it has completed a share consolidation on the basis
of five (5) old shares for one (1) new share (the " 5:1 Consolidation"). The 5:1 Consolidation was
approved by the directors of the Company on December 10, 2014. As a result of the 5:1 Consolidation,
the 11,218,751 common shares which were previously issued and outstanding were reduced to
2,243,750 common shares issued and outstanding. Each fractional common share equal to or greater
than 0.5 common shares was rounded up to the nearest whole common share and each fractional
common share less than 0.5 common shares was rounded down to the nearest whole common share.
The record date and effective date for the 5:1 Consolidation was March 5, 2015.

Private Placement

The Company is also pleased to announce that, following the completion of the 5:1 Consolidation and
further to its news release dated March 4, 2015, it has completed a non-brokered private placement of
2,000,000 common shares at a price of $0.05 per common share for gross proceeds of $100,000 (the
"Private Placement"). As a result of the Private Placement, the Company now has 4,243,750 common
shares issued and outstanding. The proceeds of the Private Placement will be used for working capital
purposes. The issuance of the common shares pursuant to the Private Placement was conducted in
accordance with applicable prospectus exemptions pursuant to National Instrument 45-106 Prospectus
and Registration Exemptions . No finders fees were payable in respect of the Private Placement.

Plan of Arrangement

The Company is also pleased to announce that, further to its news releases dated October 20, 2014 and
February 6, 2015, it intends to proceed with a plan of arrangement (the "Arrangement"). Pursuant to the
Arrangement, (i) each of the then issued and outstanding common shares of the Company will be
exchanged for one New Common Share, one Class 1 Reorganization Share and one Class 2
Reorganization Share (as these terms are described in the Arrangement Agreement) of the Company and
all of the common shares of the Company outstanding prior to the Arrangement will be cancelled; (ii) all
Class 1 Reorganization Shares will be transferred to Nuran Wireless Inc. (formerly, 1014372 B.C. Ltd.)
("Spinco A") in exchange for common shares of Spinco A in accordance with the Spinco A
Reorganization Ratio, as described in Exhibit 1 to the Arrangement Agreement (the "Plan of
Arrangement"); (iii) all Class 2 Reorganizatio n Shares will be transferred to 1014379 B.C. Ltd. ("Spinco
B") in exchange for common shares of Spinco B in accordance with the Spinco B Reorganization Ratio
(as described in the Plan of Arrangement); (iv) the Company will redeem all of the Class 1 Reorganization
Shares and will satisfy the redemption amount of such shares by the transfer to Spinco A of $45,000 of
working capital; and (v) the Company will redeem all of the Class 2 Reorganization Shares and will satisfy
the redemption amount of such shares by the transfer to Spinco B of $45,000 of working capital.

Shareholder and final court approval for the Arrangement were obtained on November 14, 2014 and
December 10, 2014, respectively, and the record date and effective date of the Arrangement will be
March 11, 2015. Please refer to the Company's Information Circular dated October 16, 2014 (the
"Circular"), for additional information concerning the Arrangement. Capitalized terms used in this news
release and not otherwise defined have the meanings defined in the Circular.




13425252.1
                                                           �2�


BRAVURA VENTURES CORP.

___"Anthony Jack son"____________________
Anthony Jackson, Director



Contact Information:
800 � 1199 West Hastings Street
Vancouver, British Columbia
V6E 3T5
Tel.: 604.283.1722 / Fax: 1.888.241.5996

Caution Regarding Forward-Looking Statements � This news release contains certain forward-looking statements,
including statements regarding the b usiness and anticipated financial performance of the Company . These
statements relate to future events or future performance. The use of an y of the words "could", "intend", "expect",
"b elieve", "will", "should", "projected", "if", "estimated" and similar expressions and statements relating to matter
--->s that
are not historical facts are intended to identify forward-looking information and are b a sed on the Company's current
b elief or assumptions as to the outcome and timing of such future events. These statements are sub ject to a numb er
of risks and uncertainties. Actual results may differ materially from results contemplated b y the forward -looking
statements. When relying on forward-looking statements to make decisions, investors and others should carefully
consider the foregoing factors and other uncertainties and should not place undue reliance on such forward -looking
statements. The Company does not undertake to update any forward looking statements, oral or written, made b y
itself or on its b ehalf except as required b y law.




13425252.1
 


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