Braveheart Resources Inc. Announces Financing
Braveheart Resources Inc. Announces Financing
Calgary, Alberta --(Newsfile Corp. – November 30, 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
$2,500,000. 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 o f
Braveheart at a price of $0.15 per share for 24 months.
The proceeds of the financing will be used to fund the Company's recently announced
proposed acquisition of Purcell Basin Minerals 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 Canadian based junior explorat ion 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 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 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 strateg ic 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 risk s,
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.