Braveheart Further Increases Financing Up To $1,500,000
Calgary, Alberta--(Newsfile Corp. - October 19, 2020) - Braveheart Resources Inc. (TSXV: BHT) (OTCQB: RIINF) ("Braveheart" or the "Company") is pleased to announce a further increase in the financing initially announced on September 22, 2020, and subsequently increased on October 13, 2020, from $1,050,000 to $1,500,000 due to additional investor demand. The initial financing of $525,000 was arranged through Palisades Goldcorp Ltd. The financing will consist of up to 20,000,000 units...
2020-10-19 7:52 PM EDT
Braveheart Increases Size of Financing Up To $1,050,000
Calgary, Alberta--(Newsfile Corp. - October 13, 2020) - Braveheart Resources Inc. (TSXV: BHT) (OTCQB: RIINF) ("Braveheart" or the "Company") is pleased to announce an increase in the financing previously announced on September 22, 2020 from $525,000 to $1,050,000 due to investor demand. The initial financing of $525,000 was arranged through Palisades Goldcorp Ltd. The financing will consist of up to 14,000,000 units ("Units"), priced at $0.075 per Unit for proceeds of up to $1,050,000 (the...
2020-10-13 9:55 AM EDT
Braveheart Arranges Financing With Palisades Goldcorp
Calgary, Alberta--(Newsfile Corp. - September 22, 2020) - Braveheart Resources Inc. (TSXV: BHT) (OTCQB: RIINF) ("Braveheart" or the "Company") is pleased to announce a financing and strategic investment from Palisades Goldcorp Ltd. The funding will consist of 7,000,000 units ("Units"), priced at $0.075 per Unit for proceeds of $525,000 (the "Offering"). 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...
2020-09-22 5:00 PM EDT
Braveheart Resources Inc. Closes Financing
Calgary, Alberta--(Newsfile Corp. - September 1, 2020) - Braveheart Resources Inc. (TSXV: BHT) (OTCQB: RIINF) ("Braveheart" or the "Company") is pleased to announce that it has closed a financing for proceeds of $250,000 (the "Offering"). The financing was a combination of $150,000 raised through its financing facility with Alumina Partners (Ontario) Ltd. ("Alumina"), an affiliate of New York based private equity firm Alumina Partners LLC., and $100,000 raised from a non-arms length...
2020-09-01 4:56 PM EDT
Braveheart Resources Enters Into Letter of Intent for Purchase of Thierry Mine Project
Calgary, Alberta--(Newsfile Corp. - August 18, 2020) - Braveheart Resources Inc. (TSXV: BHT) (OTCQB: RIINF) ("Braveheart" or the "Company") is pleased to announce that it has entered into a letter of intent ("LOI") with Cadillac Ventures Inc. (TSXV: CDC) (OTC: CADIF) ("Cadillac") for the purchase of a 100% interest in the Thierry Mine Project ("Thierry") near Pickle Lake , Ontario. Under the terms of the LOI, Braveheart will acquire Thierry from Cadillac for the following consideration: (i)...
2020-08-18 9:00 AM EDT
Braveheart Resources Inc. Eliminates $2.4 Million in Debt
Calgary, Alberta--(Newsfile Corp. - August 14, 2020) - Braveheart Resources Inc. (TSXV: BHT) (OTCQB: RIINF) ("Braveheart" or the "Company") hereby announces that it has reduced its debt by $2.4 million through the early conversion of 40% of its $6.0 million Series A Convertible Debenture (the "Debenture") into shares of the Company. Effectively the Company will issue 12 million shares of Braveheart at a conversion price of $0.20 per share to 2166687 Alberta Ltd. ("2166687") as resolution of a...
2020-08-14 10:42 AM EDT
Braveheart Resources Inc. Issues Retraction to News Release Dated August 6, 2020
Calgary, Alberta--(Newsfile Corp. - August 7, 2020) - Braveheart Resources Inc. (TSXV: BHT) (OTCQB: RIINF) ("Braveheart" or the "Company"). At the request of the Investment Industry Regulatory Organization of Canada, the Company hereby retracts a statement made in its news release of August 6, 2020. Specifically, the Company retracts its stated internal estimate for the capital costs to complete upgrades at its Bull River Mine project because the estimate constitutes restricted disclosure per...
2020-08-07 2:57 PM EDT
Braveheart Resources Inc. Closes $101,500 First Tranche from Alumina Financing Facility
Calgary, Alberta--(Newsfile Corp. - August 6, 2020) - Braveheart Resources Inc. (TSXV: BHT) (OTCQB: RIINF) ("Braveheart" or the "Company") is pleased to announce that it has closed a first tranche of $101,500 from a financing facility with Alumina Partners (Ontario) Ltd. ("Alumina") , an affiliate of New York based private equity firm Alumina Partners LLC. As previously announced on July 15, 2020, the Company has executed an investment agreement with Alumina which provides the Company with an...
2020-08-06 4:22 PM EDT
Braveheart Resources Inc. Engages Stantec to Design Tailings Storage Facility
Calgary, Alberta--(Newsfile Corp. - July 22, 2020) - Braveheart Resources Inc. (TSXV: BHT) (OTCQB: RIINF) ("Braveheart" or the "Company") is pleased to announce that it has engaged Stantec Consulting Ltd. ("Stantec") to design a new Tailings Storage Facility ("TSF") at its 100% owned Bull River Mine property near Cranbrook, British Columbia. Braveheart is working towards restarting the mining and milling operations at the site. The TSF design will be used by Braveheart in support of its...
2020-07-22 9:00 AM EDT
Braveheart Resources Inc. Arranges $8.0M Financing Facility with Alumina Partners
Calgary, Alberta--(Newsfile Corp. - July 15, 2020) - Braveheart Resources Inc. (TSXV: BHT) (OTCQB: RIINF) ("Braveheart" or the "Company") is pleased to announce that it has entered into a financing facility for up to CDN $8.0 million with Alumina Partners (Ontario) Ltd. ("Alumina") , an affiliate of New York- based private equity firm Alumina Partners LLC. The investment agreement provides the Company with an at-will financing facility over a period of 24 months during which the Company can...
2020-07-15 6:43 PM EDT
Braveheart Resources Engages Investor Relations Advisor
Calgary, Alberta--(Newsfile Corp. - June 30, 2020) - Braveheart Resources Inc. (TSXV: BHT) (OTCQB: RIINF) ("Braveheart" or, the "Company") hereby announces the engagement of GRA Enterprises LLC for the provision of investor relations services pursuant to a consulting agreement dated June 5, 2020. Services include the production and publication of investor relations bulletins, distribution of investor bulletins to the consultant's e-mail list, and posts through the consultant's blogs and...
2020-06-30 2:22 PM EDT
Braveheart Resources Grants Options
Calgary, Alberta--(Newsfile Corp. - June 11, 2020) - Braveheart Resources Inc. (TSXV: BHT) (OTCQB: RIINF) ("Braveheart" or, the "Company") hereby announces the granting of 325,000 options at a strike price of $0.10 and an expiry date of three years to certain directors and officers of the Company. 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...
2020-06-11 10:00 AM EDT
Braveheart Resources Inc. Receives Positive System Impact Study for Hydroelectric Reconnection at Bull River Mine Project
Calgary, Alberta--(Newsfile Corp. - May 15, 2020) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or the "Company") announces that it has received a positive system impact study ("SIS") from British Columbia Hydro and Power Authority ("BCH") on the Company's planned reconnection to grid power at a proposed load of 5 MW. The SIS determined that it is technically feasible to interconnect the proposed Bull River Mine load to the BCH transmission system. The next phase in reconnection to...
2020-05-15 1:52 PM EDT
Braveheart Resources Inc. Provides Results of Spring 2020 Underground Drilling Program at Bull River Mine Project
Calgary, Alberta--(Newsfile Corp. - April 16, 2020) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or the "Company") is pleased to announce that it has received assay results from the remaining three of five diamond drill holes that were completed at the Bull River Mine project in February and March of 2020 as part of a 831 metre spring drilling program. The Company previously released results from DDH BRU20-01 and DDH BRU 20-02 in press releases issued on March 23, 2020, and April 3,...
2020-04-16 10:51 AM EDT
Braveheart Resources Inc. Provides Further Update on 2020 Underground Drilling Program at Bull River Mine Project
Calgary, Alberta--(Newsfile Corp. - April 3, 2020) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or the "Company") announces that it has received assay results on the second of five diamond drill holes completed at the Bull River Mine project in February and March of 2020. The purpose of the drilling program is to test the down dip extension of the vein systems under the current workings. To-date five drill holes have been completed from 9 Level, which represents the deepest level of...
2020-04-03 11:23 AM EDT
Braveheart Resources Inc. Provides Up-date on 2020 Underground Drilling Program at Bull River Mine Project
Calgary, Alberta--(Newsfile Corp. - March 23, 2020) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or the "Company") announces that it has completed 831 metres of diamond drilling from underground workings at the Bull River Mine project in February and March of 2020. The purpose of the drilling program is to test the down dip extension of the vein systems under the current workings. A total of 3,000 metres of drilling is currently planned for 2020. To-date five drill holes have been...
2020-03-23 2:25 PM EDT
Braveheart Resources Inc. Restructures Convertible Debenture Debt
Calgary, Alberta--(Newsfile Corp. - March 11, 2020) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or the "Company") is pleased to announce that it has successfully restructured terms of a Series A Convertible Debenture (the "Debenture") that was previously negotiated with CuVeras LLC and the Secured Debenture Holders of CuVeras, operating through 2166687 Alberta Ltd. ("2166687"), and disclosed in a news release dated October 18, 2018 and closing press release on January 21, 2019. The...
2020-03-11 9:19 AM EDT
Braveheart Resources Inc. Raises $171,711 Through Exercise of Warrants
Calgary, Alberta--(Newsfile Corp. - January 27, 2020) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or the "Company") announces that it has raised proceeds of $171,711 through the exercise of 1,144,742 warrants at Cdn$0.15 per share. The Company previously issued 25,994,880 warrants on January 19, 2019 as part of a plan of arrangement in its purchase of Purcell Basin Minerals. The warrants had an expiry date of January 20, 2020 and each warrant entitled the holder to purchase a common...
2020-01-27 2:39 PM EST
Braveheart Resources Inc. to Begin Underground Drilling at Bull River Mine Project
Calgary, Alberta--(Newsfile Corp. - January 8, 2020) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or the "Company") announces that it plans to begin drilling from underground workings at the Bull River Mine project. The purpose of the drilling program will be to test the down dip extension of the vein systems under the current workings. Approximately 3,000 metres of drilling is planned for the first quarter of 2020. The Company is currently completing ground support activities at the...
2020-01-08 1:24 PM EST
Braveheart Resources Inc. to Extend Expiry Date of Outstanding Warrants
Calgary, Alberta--(Newsfile Corp. - December 30, 2019) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or the "Company") announces that subject to TSX Venture Exchange ("TSXV") acceptance, it intends to extend the expiry date of a series of previously issued common share purchase warrants by six months. The Company proposes to extend an aggregate of 25,994,880 unexercised warrants (the "Warrants") issued on January 20, 2019 as part of a plan of arrangement, having an original expiry...
2019-12-30 6:17 PM EST