Business
Braveheart Increases Size of Financing Up To $1,050,000
Calgary, Alberta--(Newsfile Corp. - October 13, 2020) - Braveheart Resources Inc. (TSXV: BHT)...
About this update from Canadian Critical Minerals Inc
[{"type":"text","content":"Braveheart Increases Size of Financing Up To $1,050,000Calgary, Alberta--(Newsfile Corp. - October 13, 2020) - Braveheart Resources Inc. (TSXV: BHT) (OTCQB: RIINF) (\"Braveheart\" or the \"Company\") is pleased to announce an increase in the financing previously announced on September 22, 2020 from $525,000 to $1,050,000 due to investor demand. The initial financing of $525,000 was arranged through Palisades Goldcorp Ltd.The financing will consist of up to 14,000,000 units (\"Units\"), priced at $0.075 per Unit for proceeds of up to $1,050,000 (the \"Offering\"). Each Unit consists of one common share and one common share purchase warrant. Each warrant is exercisable into a common share at a price of $0.11 per share for a period of three years from the Offering.The Company may pay finder's fees from the proceeds of the Offering. The proposed financing and any finder's fees are subject to TSX Venture Exchange approval. All securities will be subject to a statutory hold period that expires four months and one day from issuance.The proceeds from the financing will allow the Company to continue with engineering and permitting activities at its 100% owned Bull River Mine project near Cranbrook, British Columbia and accelerate development activities.About Braveheart Resources Inc.Braveheart is a Canadian based junior mining company focused on building shareholder value through exploration and development in favourable and proven Canadian mining jurisdictions. Braveheart's main asset is the Bull River Mine project near Cranbrook, British Columbia which has a current mineral resource containing copper, gold and silver. Contact InformationBraveheart Resources Inc.Ian BerzinsPresident & Chief Executive OfficerM: [email protected]: www.braveheartresources.comFor more investor information, please contact Braveheart at:Kevin ShumO: +1-647-725-3888 Ext 702M: +1-604-376-0323E: [email protected]: [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 in...