Braveheart Resources closes $ 600,000 flow-through financing
Calgary, Alberta – (Newsfile Corp. – April 6, 2021) – Braveheart Resources Inc. (TSXV: BHT) (OTCQB: RIINF) (“Brave Heart“or the”Society“) announces that it has completed a $ 600,000 flow-through unit financing consisting of 5,217,391 units at an issue price of $ 0.115 per unit. Each unit consists of one flow-through common share and one-half of one (1/2) ordinary share purchase warrant. Each entire warrant may be exercised in one common share at an exercise price of $ 0.14 per share for a period of two years.
The Company paid commissions to eligible discoverers in connection with the offering totaling $ 36,000 and 313,044 warrants, each warrant exercisable in one common share at an exercise price of $ 0.115 per share for two years. .
All securities issued under the placement are subject to a legal holding period which expires four months and one day from issue.
The gross proceeds of the financing will be used for exploration activities at the Bull River Mine Project near Cranbrook, British Columbia and at the Thierry Mine Project near Pickle Lake, Ontario.
About Braveheart Resources Inc.
Braveheart is a Canadian-based junior mining company focused on creating shareholder value through exploration and development in favorable Canadian mining jurisdictions on or near former producing properties. Braveheart’s primary asset is the 100% owned Bull River mine project near Cranbrook, British Columbia, which has a mineral resource containing copper, gold and silver. Braveheart’s most recent acquisition is the 100% owned Thierry mine project near Pickle Lake, Ontario, which has a mineral resource containing copper, nickel, silver, palladium, platinum and gold. Braveheart also has an option to purchase the Alpine Gold project near Nelson, British Columbia.
For more investor information, please contact Braveheart at:
Director, Corporate Development
M: + 1-416-569-3292
E: [email protected]
Caution regarding forward-looking information
This press release includes certain information that may constitute “forward-looking information” under applicable Canadian securities laws. Forward-looking information includes, without limitation, statements about strategic plans, future work programs and objectives and the expected results of those 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.
Forward-looking information is necessarily based on a number of estimates and assumptions which, although believed to be reasonable, are subject to known and unknown risks, uncertainties and other factors that may cause actual results to occur. and future events differ materially from those expressed or implied. by this forward-looking information and the risks identified in the Company’s continuous information file. 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 such information. Therefore, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based on the opinions and estimates of management and on information available to management as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
Neither the 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 new release.
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