Calgary, Alberta–(Newsfile Corp. – July 27, 2022) – Braveheart Resources Inc. (TSXV: BHT) (OTCQB: RIINF) (FSE: 2ZR) (“Braveheart” or the “Company“) announces that it has closed a flow-through unit financing for gross proceeds of $396,000 comprised of 4,400,000 units at an issue price of $0.09 per unit. Each unit consists of one flow-through common share and one-half of one (1/2) common share purchase warrant. Each whole warrant is exercisable into a common share at an exercise price of $0.135 per share for a period of two years.
The Company paid commissions to eligible finders under the Offering totaling $23,760 and 264,000 finders warrants, with each finder warrant exercisable into a common share at an exercise price of $0.09 per share for two years.
All securities issued under the Offering are subject to a statutory hold period that expires four months and one day from issuance.
The net proceeds from the financing will be used for exploration activities at the Bull River Mine project near Cranbrook, British Columbia and the Thierry Mine project near Pickle Lake, Ontario.
About Braveheart Resources Inc.
Braveheart is a mining company primarily focused on two near-term copper production assets in Canada. Braveheart’s main asset is the 100% owned Bull River Mine project (>135MM lbs of copper) near Cranbrook, British Columbia which has a Mineral Resource containing copper, gold and silver. Braveheart’s latest acquisition is the 100% owned Thierry Mine project (>1,300MM lbs of copper) near Pickle Lake, Ontario which has a Mineral Resource containing copper, nickel, silver, palladium, platinum and gold.
Contact Information
Braveheart Resources Inc.
Ian Berzins
President & Chief Executive Officer
M: +1-403-512-8202
E: iberzins@braveheartresources.com
Website: www.braveheartresources.com
For more investor information, please contact Braveheart at:
Manish Grigo
Director, Corporate Development
M: +1-416-569-3292
E: mgrigo@braveheartresources.com
