Braveheart Resources Inc. Closes Financing
Toronto, Ontario–(Newsfile Corp. – January 2, 2018) – Braveheart Resources Inc. (TSXV: BHT) (“Braveheart” or, the “Company”) has completed a non-brokered private placement financing of 1,286,600 flow-through units at $0.10 per flow-through unit for gross proceeds of $128,660. The flow-through 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 $0.15 per share for 24 months.
As part of the closing of the financing, the Company paid finders fees of $10,292.80 and issued 102,928 finders warrants, with each finders warrant exercisable into a common share of the Company at a price of $0.10 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.
For more information on Braveheart Resources Inc. including photos please visit our website at www.braveheartresourcesinc.com.
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). 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 42,801,105 common shares issued and outstanding.
Contact Phil Keele, P.Eng,. President and CEO 780-215-4044 or firstname.lastname@example.org