Braveheart Resources Inc. Closes Financing
Braveheart Resources Inc. Closes Financing
Calgary, Alberta--(Newsfile Corp. - December 20, 2019) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the
"Company") has completed a private placement financing of flow-through-shares for gross proceeds of $728,000.
The Company
issued 5,200,000 flow-through shares at an issue price of $0.14 per share.
The Company paid finders fees totalling $72,240 and issued 266,000 finders warrants, with each finder warrant exercisable into
a common share of the Company at an exercise price of $0.14 per share for a period of 24 months.
The proceeds of the financing will be used to fund the Company's exploration efforts in British Columbia.
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 mining company focused on building shareholder value through exploration and
development in the favourable and proven mining jurisdictions of the East and West Kootenays of British Columbia.
Braveheart's
main asset is the newly acquired Bull River Mine, an advanced stage copper, gold and silver property.
The property is fully
developed with 21,000 metres of underground developments in terms of ramps, raises and drifting on mineralized structures on
seven levels.
The surface infrastructure includes a 750 tonne per day conventional mill with adjoining crushing facilities as well as
offices and mine maintenance facilities.
The property is connected to grid power and there is year-round access to the site by
paved and all-weather roads.
Contact Information
Braveheart Resources Inc.
Ian Berzins, P.Eng., ICD.D
President & 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 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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/51014