Braveheart Resources Inc. Announces Closing of $1,564,000 Financing
Braveheart Resources Inc. Announces Closing of $1,564,000 Financing
Toronto, Ontario--(Newsfile Corp. – December 28, 2018) - Braveheart Resources Inc. (TSXV:
BHT) ( "Braveheart" or, the "Company") has completed a non-brokered private placement
financing of flow-through units and units for gross proceeds of $1,564,000. The Company issued
12,690,000 units at an issue price of $0.10 per unit, which 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 $0.15 per share for 24 months. The
Company also issued 2,9 50,000 flow-through units at an issue price of $0.10 per unit and are
comprised of one common share and one -half of one common share purchase warrant, with each
whole warrant entitling its holder to acquire one additional common share o f Braveheart at a
price of $0.15 per share for 24 months.
The Company paid finders fees totalling $18,000 and issued 180,000 finder warrants, with each
finder warrant exercisable into a common share of the Company at an exercise price of $0.10 per
share for a period of 24 months.
The proceeds of the financing will be used to fund the Company's recently announced proposed
acquisition of Purcell Basin Miner als Inc., advance the Company’s exploration efforts in British
Columbia and for general working capital.
All securities issued pursuant to the financing will be subject to a four month hold period.
About Braveheart Resources Inc.
Braveheart is a Canadia n based junior exploration company focused on building shareholder
value through exploration and development in the favorable and proven mining jurisdictions of
the East and West Kootenays of British Columbia.
Contact Information
Braveheart Resources Inc.
Ian Berzins, P.Eng.
Chief Executive Officer
403-512-8202
Website: www.braveheartresourcesinc.com
Caution Regarding Forward-Looking Information
This news rele ase 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 wh ich 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 cont ained 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 fo rward-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 Services Provider (as that term is defined
in the policies of the TSX Venture Exc hange) accepts responsibility for the adequacy of this
news release.