Stuttgart: BRTN
Last: $0.130   Volume: 57,500   Change: $-0.020

In October 2012, Bravada signed a Letter of Understanding with Duncastle Gold Corp, now Group Ten Metals Inc. (“Group Ten”), to purchase Drayton. Bravada receives 250,000 shares of Duncastle annually to an aggregate of 2,500,000 common shares, now adjusted to reflect a 1 for 10 consolidation as Group Ten, over a six-year period in order to earn 100% interest in the property. In addition, Bravada will retain a 1.0% net smelter return royalty from any production at the property.