Braveheart Resources Inc. Announces Financing
Braveheart Resources Inc. Announces Financing
Calgary, Alberta--(Newsfile Corp. - July 18, 2018) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company")
intends to complete a non-brokered private placement financing of flow-through units and units for gross proceeds of up to
$1,500,000. The units will have an issue price of $0.10 per unit and be 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 flow-through units will have an issue price of $0.10 per unit and be 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 of Braveheart at a price of $0.15 per share for 24 months.
The proceeds of the financing will be used to 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 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
).
Contact
s
Braveheart Resources Inc.
David W. Johnston
Chairman
403-701-2781
Phil Keele
President
780-215-4044
Ian Berzins
CEO
403-512-8202
Website:
www.braveheartresourcesinc.com
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 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 Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy of this news release.