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  • Braveheart Resources (BHT) has announced a financing initiative consisting of up to 5,000,000 units
  • Each unit consists of one common share and one common share purchase warrant
  • Gross proceeds from the financing will total $500,000
  • The proceeds from the financing will be used to finance exploration activities and upgrades at its Bull River Mine Project
  • Braveheart is a Canadian-based junior mining company focused on exploration and development in favourable Canadian mining jurisdictions
  • Braveheart Resources Inc. (BHT) is down 4.76 per cent, trading at C$0.10 per share at 4:20 pm ET

Braveheart Resources (BHT) has announced a financing initiative consisting of up to 5,000,000 units, priced at $0.10 per unit for proceeds of $500,000.

Each unit consists of one common share and one common share purchase warrant. Each warrant is exercisable into a common share at a price of $0.14 per share for a period of 24 months from the offering.

Braveheart may pay finder’s fees in the form of cash and warrants.

The proposed financing and any finder’s fees are subject to TSX Venture Exchange approval. All securities will be subject to a statutory hold period that expires four months and one day from issuance.

The proceeds from the financing will be used to finance exploration activities and infrastructure upgrades at its Bull River Mine Project in BC.

Braveheart Resources is a mining company primarily focused on two copper production assets in Canada. Braveheart’s main asset is the 100% owned Bull River Mine Project near Cranbrook containing copper, gold and silver.

Braveheart’s newest acquisition is the 100% owned Thierry Mine Project near Pickle Lake, Ontario.

Braveheart Resources Inc. (BHT) is down 4.76 per cent, trading at C$0.10 per share at 4:20 pm ET.

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