Bravo Gold to Change Name to Homestake Resource Corporation (HSR) and Complete Share Consolidation on April 16, 2012
Bravo Gold Corp. (TSX.V - BVG) (“Bravo” or the “Company”) announces that the TSX Venture
Exchange has approved the Company’s share consolidation on the basis of one (1) post-consolidation
common share for every ten (10) pre-consolidation Common Shares. The TSX Venture Exchange has
also approved a corporate name change to “Homestake Resource Corporation” and its ticker symbol
to “HSR”. Commencing on April 16, 2012, the Company’s common shares will trade on a post-
consolidation basis under its new name Homestake Resource Corporation, trading symbol HSR.
"Our new corporate name and ticker symbol will emphasize the Company’s major asset, the Homestake Ridge
property, and better reflect the growing importance of silver, copper, lead, and zinc in addition to gold being
discovered at the Company’s Homestake and Kinskuch properties," said Joe Kizis, President of Bravo Gold
Corp. "And with these corporate changes, we look forward to continuing to expand the resource base at our
Homestake Ridge and Kinskuch properties to become the next major gold-silver district in British Columbia."
The company plans an aggressive 2012 exploration and development program on the Homestake Ridge
and Kinskuch properties located in northwestern British Columbia that will concentrate on the drill
delineation of the newly discovered South Reef deposit at Homestake Ridge and extensive drilling of a
potential mineral deposit at Kinskuch discovered in the 2011 exploration season. In addition, the
program will include additional exploration drilling, ground geophysics and further evaluation of
several other encouraging exploration targets. A defined resource at South Reef and possibly at
Kinskuch, together with any new discoveries, will be accretive to the NI43-101 compliant resources at
the two deposits already discovered and delineated by Bravo at the Homestake Ridge property, which
should significantly enhance the potential development of this strongly mineralized district.
Letters of transmittal with respect to the consolidation will be mailed out to the Company's
shareholders after the effective date. Shareholders will be required to send their certificates
representing pre-consolidation common shares with a properly executed letter of transmittal to the
Company's transfer agent, Computershare Investor Services Inc. Additional copies of the letter of
transmittal can be obtained by contacting Computershare Investor Services Inc., Shareholders Services
Department, at 1-800-564-6253. All shareholders who duly complete letters of transmittal and submit
their pre-consolidation common share certificates to Computershare will receive new share certificates
1
representing the number of post-consolidation common shares to which they are entitled to pursuant
to the terms of the consolidation. No fractional shares will be issued and any fraction of a share will be
rounded down to the nearest whole number of common shares. The Company currently has
215,411,092 common shares issued and outstanding. Upon completion of the share consolidation, there
will be 21,541,109 Common Shares issued and outstanding.
The Company's current outstanding warrants and stock options will be adjusted on the same basis as
the share consolidation. There are currently 36,953,889 Share Purchase Warrants and 3,924,504 Agent’s
Options (the “Warrants”) issued and outstanding with exercise prices ranging from $0.10 to $0.48 per
share and which are exercisable in September 2012, June and December 2013 and February 2014. Upon
completion of the share consolidation there will be an aggregate of 4,087,839 Warrants with exercise
