Calgary, Alberta – (Newsfile Corp. – December 10, 2020) – Braveheart Resources Inc. (TSXV: BHT) (OTCQB: RIINF) (“Braveheart” or the “Company”) is pleased to announce that a financing has been closed .
The Financing consists of 3,047,115 units (“Units”) priced at $ 0.10 per unit for proceeds of up to $ 304,711 (the “Offer”). Each unit consists of one common share and one option to purchase common shares. Each warrant is exercisable for a period of two years from the offer at a price of $ 0.15 per share in one common share.
Funding is subject to TSX Venture Exchange approval. All securities are subject to a statutory holding period that expires four months and one day after they are issued.
The Company paid commissions to eligible finders under the offering totaling $ 1,500 and 15,000 finder warrants, with each finder warrant exercisable for two years at an exercise price of $ 0.15 per share in one common share.
The proceeds from the financing will enable the company to continue permitting and development activities on its 100% Bull River Mine project near Cranbrook, British Columbia.
About Braveheart Resources Inc.
Braveheart is a Canada-based junior mining company focused on increasing shareholder value through exploration and development in affordable and proven Canadian mining areas. Braveheart’s primary asset is the Bull River Mine project near Cranbrook, British Columbia, which has a current mineral resource including copper, gold and silver.
Braveheart Resources Inc.
President & Chief Executive Officer
M: + 1-403-512-8202
Caution with forward-looking information
This press release contains certain information that may constitute “forward-looking information” under applicable Canadian securities laws. Forward-looking information includes, but is not limited to, statements regarding strategic plans, future work programs and goals, and expected results of such work programs. Forward-looking information necessarily involves known and unknown risks, including, without limitation, risks associated with general economic conditions. Inability to access sufficient capital from internal and external sources and / or inability to access sufficient capital on favorable terms; and other risks.
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Forward-looking information is necessarily based on a number of estimates and assumptions that, while believed to be reasonable, are subject to known and unknown risks, uncertainties and other factors that could cause actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks set out in the company’s ongoing disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in this information. Accordingly, readers are cautioned not to place undue reliance on forward-looking information. All forward-looking information contained in this press release is disclosed as of the date of this press release and is based on the opinions and estimates of management and information available to management as of the date of this press release. The company disclaims any intention or obligation to update or revise any forward-looking information as a result of new information, future events or for any other reason, except as required by law.
Neither the TSX Venture Exchange nor its regulatory services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this new version.
The source version of this press release can be found at https://www.newsfilecorp.com/release/70045