|By Marketwired .||
|July 24, 2014 01:59 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/24/14 -- Bralorne Gold Mines Ltd. (TSX VENTURE: BPM)(OTCQX: BPMSF)(BERLIN: GV7)(FRANKFURT: GV7) (the "Company") is pleased to announce that it has entered into a secured loan agreement with Avino Silver & Gold Mines Ltd. ("Avino") and has received an advance of CDN$500,000 carrying interest of 12.0% per annum. The Company plans to use the loan for its general working capital.
The Company anticipates receiving a further sum of CDN$750,000, for an aggregate total of CDN$1,250,000 pursuant to the loan agreement.
Bralorne is a Canadian junior mining and exploration company focused on building shareholder value through the exploration and development of economically viable mineral properties. Bralorne's flagship project is the wholly owned Bralorne Gold Project in southwestern British Columbia, Canada. For more information, please visit our website at: www.bralorne.com.
ON BEHALF OF THE BOARD
Chief Executive Officer
Neither 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. This release contains statements that are forward-looking statements and are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Company's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement.
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