Business
Braveheart Resources Inc. Closes $273,000 Financing
TORONTO, ON / ACCESSWIRE / May 11, 2016 / Braveheart Resources Inc. (TSXV: BHT) ("Braveheart...
About this update from Canadian Critical Minerals Inc
[{"type":"text","content":"Braveheart Resources Inc. Closes $273,000 FinancingTORONTO, ON / ACCESSWIRE / May 11, 2016 / Braveheart Resources Inc. (TSXV: BHT) (\"Braveheart\" or, the \"Company\") has completed a non-brokered private placement financing consisting of 4,760,000 units at $0.05 per unit for gross proceeds of $238,000 and 700,000 flow through units for gross procedures of $35,000.\nThe units are comprised of one common share and one common share purchase warrant, with each warrant entitling its holder to acquire one additional common share of Braveheart at a price of $0.10 for 18 months.\nThe flow through units are comprised of one common share and one-half warrant where each warrant entitles the holder to acquire one additional common share at $0.10 for 18 months.\nThe proceeds of the financing will be used to advance the Company's exploration efforts in British Columbia and for general working capital.\nAll securities issued pursuant to the financing will be subject to a four month hold period.\nThe offering is subject to final approval of the TSX Venture Exchange.\nAbout Braveheart Resources Inc.\nBraveheart is a Canadian based junior exploration company focused on building shareholder wealth through aggressive exploration in a favorable and proven mining jurisdiction - the West Kootenays in southeast British Columbia (silver and gold). Braveheart's shares are listed for trading on the TSX Venture Exchange under the symbol BHT.V. Braveheart has approximately 24,829,506 common shares issued and outstanding.\nContact\nBraveheart Resources Inc. \nDavid W. Johnston \nCEO/President \n403-701-2781 \[email protected]\nWebsite: www.braveheartresourcesinc.com\nCaution Regarding Forward-Looking Information\nThis 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 factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-lo...