Business
Braveheart Raises $730,000 Through Exercise of Warrants
Calgary, Alberta--(Newsfile Corp. - July 29, 2019) - Braveheart Resources Inc. (TSXV: BHT) ("...
About this update from Canadian Critical Minerals Inc
[{"type":"text","content":"Braveheart Raises $730,000 Through Exercise of WarrantsCalgary, Alberta--(Newsfile Corp. - July 29, 2019) - Braveheart Resources Inc. (TSXV: BHT) (\"Braveheart\" or, the \"Company\") hereby announces that it has raised new funds through the exercise of $0.12 warrants that were issued on July 28, 2017. In total 6,083,334 warrants were exercised and 6,083,334 common shares have been issued for gross proceeds of $730,000.Proceeds will be used to support care and maintenance activities at the Bull River Mine property, permitting activities associated with the restart of the mine and infrastructure up-grades. Ian Berzins, President and CEO of Braveheart Resources Inc. commented, \"We are extremely pleased to see the continued financial support from our shareholder base\".About Braveheart Resources Inc.Braveheart is a Canadian based junior mining company focused on building shareholder value through exploration and development in the favourable and proven mining jurisdictions of the East and West Kootenays of British Columbia. Braveheart's main asset is the newly acquired Bull River Mine, an advanced stage copper, gold and silver property. The property is fully developed with 21,000 metres of underground developments in terms of ramps, raises and drifting on mineralized structures on seven levels. The surface infrastructure includes a 750 tonne per day conventional mill with adjoining crushing facilities as well as offices and mine maintenance facilities. The property is connected to grid power and there is year-round access to the site by paved and all-weather roads.Contact InformationBraveheart Resources Inc.Ian Berzins, P.Eng., ICD.DPresident & Chief Executive [email protected]: www.braveheartresourcesinc.comCaution Regarding Forward-Looking Information This 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 sufficient capital from internal and external so...