Calgary, Alberta-- - Braveheart Resources Inc. has completed a private placement financing of flow-through shares for gross proceeds of $500,000. The Company issued 2,941,177 flow-through shares at an issue price of $0.17 per share. The Company paid finders fees totalling $50,000 and issued 294,118 finder warrants, with each finder warrant exercisable into a common share of the Company at an exercise price of $0.17 per [...]
Braveheart Resources Inc. is pleased to report that it has received approval from the British Columbia Ministry of Energy, Mines and Petroleum Resources for a Multi-Year Area Based Permit that will allow the Company to begin exploration activities at its newly acquired Bull River operations. The MYAB permit allows the Company the opportunity to conduct exploration activities over a five-year time period in an area which [...]
Braveheart Resources Inc. is pleased to announce that it has completed further restructuring of the management team. Mr. Doug Porter, CFO of the Company, will step down in his capacity as CFO. Mr. Dwayne Vinck will assume the role of CFO effective immediately. As the company transitions from an exploration and development to producing company, the demands on financial support will increase significantly. These changes [...]
Braveheart Resources Inc. hereby announces that it has implemented a planned restructuring of the management team. Under the restructuring Phil Keele, President and Director of the Company, will step down as President but will remain as a Director of the Company. Ian Berzins, CEO and Director will assume the responsibilities of President in addition to his role as CEO and Director. Jim Decker, Vice President Investor [...]
Braveheart Resources Inc. is pleased to announce that it has completed implementation of the previously announced acquisition of Purcell Basin Minerals Inc. pursuant to a Plan of Arrangement and made pursuant to the Companies' Creditors Arrangement Act . Under the Plan, Braveheart made an offer to existing shareholders of Purcell that, if accepted, would allow them to acquire new shares of Braveheart. Purcell shareholders [...]
Braveheart Resources Inc. has appointed Gestur Kristjansson as a Director of the Company. Mr. Kristjansson holds a BA in Advanced Applied Economics from the University of Manitoba as well as a MBA from the University of British Columbia. Additionally, he is a chartered professional accountant and recently obtained his ICD.D designation from the Institute of Corporate Directors. Mr. Kristjansson has over 30 years of [...]
Braveheart Resources Inc. is evaluating the potential for recovery of cobaltite at its newly acquired Gallowai Bul River Mine near Cranbrook, British Columbia. Mineralization at Bul River consists of pyrite, pyrrhotite, and chalcopyrite with minor local galena, sphalerite, arsenopyrite, cobaltite, and traces of tetrahedrite and native gold. There is no estimate of cobaltite in the current mineral resource. In 2015 [...]
Braveheart Resources Inc. is pleased to announce that it has completed the previously announced acquisition of Purcell Basin Minerals Inc. pursuant to a Plan of Arrangement and made pursuant to the Companies' Creditors Arrangement Act . Under the terms of the Plan, Braveheart settled all priority payables including the costs of the Court appointed Monitor under the CCAA proceedings, related legal expenses and the interim [...]
Braveheart Resources Inc. has completed a non-brokered private placement financing of flow-through units and units for gross proceeds of $1,564,000. The Company issued 12,690,000 units at an issue price of $0.10 per unit, which are comprised of one common share and one common share purchase warrant, with each warrant entitling its holder to acquire one additional common share of Braveheart at a price of $0.15 per share [...]
Braveheart Resources Inc. intends to complete a non-brokered private placement financing of flow-through units and units for gross proceeds of up to $2,500,000. The units will have an issue price of $0.10 per unit and be comprised of one common share and one common share purchase warrant, with each warrant entitling its holder to acquire one additional common share of Braveheart at a price of $0.15 per share for 24 [...]
Braveheart Resources Inc. is pleased to announce that it has entered into a definitive agreement to acquire the shares of Purcell Basin Minerals Inc. pursuant to a Plan of Arrangement and made pursuant to the Companies' Creditors Arrangement Act . This is an arms length transaction. The Plan was finalized and signed on October 11, 2018 and remains subject to approval by the creditors of Purcell and by the Supreme Court of [...]
Braveheart Resources Inc. intends to complete a non-brokered private placement financing of flow-through units and units for gross proceeds of up to $1,000,000. The units will have an issue price of $0.10 per unit and be comprised of one common share and one common share purchase warrant, with each warrant entitling its holder to acquire one additional common share of Braveheart at a price of $0.15 per share for 24 [...]