Business
Braveheart Resources Inc. Closes First Tranche of Financing
Toronto, Ontario--(Newsfile Corp. - December 30, 2014) - Braveheart Resources Inc. (TSXV: BHT)...
About this update from Canadian Critical Minerals Inc
[{"type":"text","content":"\nBraveheart Resources Inc. Closes First Tranche of FinancingToronto, Ontario--(Newsfile Corp. - December 30, 2014) - Braveheart Resources Inc. (TSXV: BHT) (\"Braveheart\" or, the \"Company\") has completed non-brokered private placement financing consisting of 1,905,800 units at \n$0.05 per unit and an additional 1,835,000 flow-through units at $0.05 per unit for gross proceeds of $187,040.\n\nThe units are comprised of one common share and one common share purchase warrant. The flow-through units are comprised of one common share and one-half of a common share purchase warrant. Each full warrant will entitle its holder to acquire one \nadditional common share of Braveheart at a price of $0.10 for 18 months.\n\nIn connection with the financing, Rainbow paid finder's fees totalling $1,740 and issued 34,800 finder warrants, each finder warrant exercisable into a common share of the Company for a period of 18 months at an exercise price of \n$0.10 per share. \n\nThe proceeds of the financing will be used to advance the Company's exploration efforts in British Columbia and for general working capital.\n\nThe financing is subject to the final approval of the TSX Venture Exchange. \n\nAll securities issued pursuant to the financing will be subject to a four month hold period. \n\nProperty Acquisition \n\nThe Company has acquired additional gold mining claims in the Nelson Mining Division in British Columbia in exchange for the issuance of 125,000 common shares of the Company to the vendor of the claims. These claims are strategically located to make \nthe Big Strike project Whitewater and Referendum claims contiguous. \n\nAbout Braveheart Resources Inc. \n\nBraveheart Resources Inc. (formerly Rainbow Resources Inc.) 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 \nsoutheast British Columbia (silver and gold). \n\nContact \nBraveheart Resources Inc\nDavid W. Johnston\nPresident\n403-701-2781\[email protected]\n\nWebsite: www.braveheartresourcesinc.com (currently under construction)\n\n\nCaution Regarding Forward-Looking Information \n\nThis news release includes certain information that may constitute \n\"forward-looking information\" under applicable Canadian securities legislation. \nForwar...