Braveheart Resources Inc. Closes Final Tranche of Financing
Braveheart Resources Inc. Closes Final Tranche of Financing
Toronto, Ontario--(Newsfile Corp. – Februa ry 23, 2017) - Braveheart Resources Inc.
(TSXV: BHT) ("Braveheart" or, the "Company" ) has completed the final tranche of its
previously announced non-brokered private pl acement financing. The Company issued
2,100,000 units at $0.06 per unit for gross proceeds of $126,000. Each unit is comprised
of one common share and one common shar e purchase warrant, with each warrant
entitling its holder to acquire one additional common share of Braveheart at a price of
$0.12 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 expl oration in a favorable and proven mining
jurisdiction - the West Kootenays in southeast British Columbia (silver and gold).
Contact
Braveheart Resources Inc
David W. Johnston
President
403-701-2781
Website: www.braveheartresourcesinc.com
Caution Regarding Forward-Looking Information
This news release includes certain inform ation that may constitute "forward-looking
information" under applicable Canadian s ecurities legislati on. Forward-looking
information includes, but is not limited to, st atements 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, ar e 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 c ontinuous 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 antic ipated in such information. Accordingly,
readers should not place undue reliance on fo rward-looking information. All forward-
looking information contained in this news rele ase is given as of the date hereof and is
based upon the opinions and estimates of m anagement and informa tion available to
management as at the date hereof. The Company disclaims any intention or obligation to
update or revise any forwar d-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.