Braveheart Resources Inc. 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 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. as resolution of a portion of its convertible debt. 2166687 is a holding entity for [...]
Braveheart Resources Inc. . 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 NI 43-101, 2.3 and is not based on an [...]
Braveheart Resources Inc. is pleased to announce that it has closed a first tranche of $101,500 from a financing facility with Alumina Partners Ltd. , 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 at-will financing facility from which the Company can draw [...]
Braveheart Resources Inc. is pleased to announce that it has engaged Stantec Consulting Ltd. to design a new Tailings Storage Facility 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 applications to the British Columbia Ministry of Energy, Mines [...]
Braveheart Resources Inc. is pleased to announce that it has entered into a financing facility for up to CDN $8.0 million with Alumina Partners Ltd. , 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 draw down, at its sole discretion, equity private placement [...]
Braveheart Resources Inc. 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 social media accounts. In consideration of [...]
Braveheart Resources Inc. 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 jurisdictions of the East and West Kootenays [...]
Braveheart Resources Inc. announces that it has received a positive system impact study from British Columbia Hydro and Power Authority 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 the grid is completion of a Facilities [...]
Braveheart Resources Inc. 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, respectively. All [...]
Braveheart Resources Inc. 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 the mine about 350 metres [...]
Braveheart Resources Inc. 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 completed from 9 Level [...]
Braveheart Resources Inc. is pleased to announce that it has successfully restructured terms of a Series A Convertible Debenture that was previously negotiated with CuVeras LLC and the Secured Debenture Holders of CuVeras, operating through 2166687 Alberta Ltd. , and disclosed in a news release dated October 18, 2018 and closing press release on January 21, 2019. The Company previously announced that as part of the [...]