Business
Braveheart Amends Concentrate Offtake Agreement and Stockpile Financing Facility With Ocean Partners
Calgary, Alberta--(Newsfile Corp. - December 7, 2021) - Braveheart Resources Inc. (TSXV: BHT)...
About this update from Canadian Critical Minerals Inc
[{"type":"text","content":"Braveheart Amends Concentrate Offtake Agreement and Stockpile Financing Facility With Ocean PartnersCalgary, Alberta--(Newsfile Corp. - December 7, 2021) - Braveheart Resources Inc. (TSXV: BHT) (OTCQB: RIINF) (FSE: 2ZR) (\"Braveheart\" or the \"Company\") is pleased to announce that further to its press releases dated March 13, 2021 and April 21, 2021, the Company has amended the Concentrate Prepayment Agreement to extend the maturity date under the facility to September 30, 2023 or such earlier date if the Company is in default of the conditions under the agreement.In connection with the amendment, the Company has agreed to grant Ocean Partners 10,000,000 warrants of the Company with each warrant exercisable into a common share of the Company at an exercise price of $0.10 per share until September 30, 2023 or such earlier date if the maturity date under the facility is accelerated due to an event of default under the agreement. About Braveheart Resources Inc.Braveheart is a mining company primarily focused on advancing two near-term copper assets in Canada. Braveheart's main asset is the 100% owned Bull River Mine project (>85MM lbs of copper) near Cranbrook, British Columbia which has a Mineral Resource containing copper, gold and silver. Braveheart's newest acquisition is the 100% owned Thierry Mine project (>1,300MM lbs of copper) near Pickle Lake, Ontario which has a Mineral Resource containing copper, nickel, silver, palladium, platinum and gold.Contact InformationBraveheart Resources Inc.Ian BerzinsPresident & Chief Executive OfficerM: +1-403-512-8202E: [email protected]: www.braveheartresources.comFor more investor information, please contact Braveheart at:Manish GrigoDirector, Corporate DevelopmentM: +1-416-569-3292E: [email protected] Regarding Forward-Looking InformationThis news release includes certain information that may constitute \"forward-looking information\" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; inability to access suffi...