Braveheart Arranges Financing With Palisades Goldcorp
Braveheart Arranges Financing With Palisades
Goldcorp
Calgary, Alberta--(Newsfile Corp. - September 22, 2020) - Braveheart Resources Inc.
(TSXV: BHT)
(OTCQB: RIINF)
("
Braveheart
" or the "
Company
") is pleased to announce a financing and strategic
investment from Palisades Goldcorp Ltd.
The funding will consist of 7,000,000 units ("Units"), priced at $0.075 per Unit for proceeds of $525,000
(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 3 years
from the Offering.
The proposed financing is 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 permitting and development
activities at its 100% owned Bull River Mine project near Cranbrook, British Columbia.
About Palisades Goldcorp Ltd.
Palisades Goldcorp is Canada's new resource focused merchant bank.
Palisades' management team
has a demonstrated track record of making money and is backed by many of the industry's most notable
financiers.
With junior resource equities valued at generational lows, management believes the sector is
on the cusp of a major bull market move.
Palisades is positioning itself with significant stakes in
undervalued companies and assets with the goal of generating superior returns.
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 Bull River Mine project which has a
current indicated mineral resource of 1.5 million tonnes containing copper, gold and silver. 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 700 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 Information
Braveheart Resources Inc.
Ian Berzins
President & Chief Executive Officer
M: +1-403-512-8202
Website:
www.braveheartresources.com
For more investor information, please contact Braveheart at:
Kevin Shum
O: +1-647-725-3888 Ext 702
M: +1-604-376-0323
E:
E:
Caution 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 sources, and/or inability to access sufficient capital on favourable
terms; and other risks.
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-looking information and the risks identified in the Company's continuous
disclosure record. There can be no assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those anticipated in such information.
Accordingly, readers should not place undue reliance on forward-looking information. All forward-
looking information contained in this news release is given as of the date hereof and is based upon
the opinions and estimates of management and information available to management as at the date
hereof. The Company disclaims any intention or obligation to update or revise any forward-looking
information, whether as a result of new information, future events or otherwise, except as required by
law.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this new
release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/64306