Business
Braveheart Resources Inc. Announces Closing of $500,000 Flow-Through Financing
Calgary, Alberta--(Newsfile Corp. - June 6, 2019) - Braveheart Resources Inc. (TSXV: BHT) ("Br...
About this update from Canadian Critical Minerals Inc
[{"type":"text","content":"Braveheart Resources Inc. Announces Closing of $500,000 Flow-Through FinancingCalgary, Alberta--(Newsfile Corp. - June 6, 2019) - Braveheart Resources Inc. (TSXV: BHT) (\"Braveheart\" or, the \"Company\") has completed a private placement financing of flow-through shares for gross proceeds of $500,000. The Company issued 2,941,177 flow-through shares at an issue price of $0.17 per share.The Company paid finders fees totalling $50,000 and issued 294,118 finder warrants, with each finder warrant exercisable into a common share of the Company at an exercise price of $0.17 per share for a period of 24 months.The proceeds of the financing will be used to fund the Company's exploration efforts in British Columbia. All securities issued pursuant to the financing will be subject to a four month hold period.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 mine. The mine 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.Chief Executive Officer, President and [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 is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other facto...