Braveheart Resources Inc. Closes Financing
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Braveheart Resources Inc. Closes Financing
TORONTO, ONTARIO , July 28, 2017 -- Braveheart Resources Inc. (TSXV: BHT)
("Braveheart" or, the "Company") has completed the first tranche of a non-brokered private
placement financing consisting of 2,166,667 flow -through units at $0.06 per flow-through unit
and 5,333,333 units at $0.06 per unit for gross proceeds of $450,000. The Company intends to
close additional tranches of the financing fo r gross proceeds of up to $750,000 comprised of
either units or flow-through units.
The units are comprised of one common share a nd one common share 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 flow-t hrough units 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 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 explor ation company focused on building shareholder
wealth through aggressive explor ation in a favorable and proven mining jurisdiction - the West
Kootenays in southeast British Columbia (silver and gold). Particular focus is on the Alpine
Mine, a past producing property 20 km northeast of Nelson. Braveheart's shares are listed for
trading on the TSX Venture Exchange under the symbol BHT.V. Braveheart currently has
34,581,173 common shares issued and outstanding.
Qualified Person
Braveheart’s disclosure of a technical or scientific nature in this news release has been reviewed
and approved by Mr. Jim Decker, P.Eng., a consulta nt to Braveheart who se rves as a qualified
person under the definition of National Instrument 43-101.
Contact
Phil Keele, P.Eng,. President and CEO
780-215-4044
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Caution Regarding Forward-Looking Information
This news release includes certain inform ation that may constitute "forward-looking
information" under applicable Ca nadian securities legislati on. Forward-looking information
includes, but is not lim ited to, statements about strategic plans, future work programs and
objectives and expected results from such wo rk 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, (more) 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 ri sks 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 gi ven 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) accep ts responsibility for the adequacy of this
news release.