- Braveheart Resources Inc. (BHT) has closed a $620,000 transaction made up of 1.6 million regular units and 6.25 million flow-through (FT) units
- The regular units sold for $0.075 each, and the FT units went for $0.08 apiece
- For the FT portion of the financing, the company paid a cash commission of $35,000 and issued 437,500 broker warrants
- It will use the proceeds for activities at the Bull River Mine Project and the Thierry Mine Project
- Braveheart Resources Inc. (BHT) is unchanged, trading at $0.07 per share as of 2:06 p.m. EST
Braveheart Resources Inc. (BHT) has closed a $620,000 transaction made up of 1.6 million regular units and 6.25 million flow-through (FT) units.
The regular units sold for $0.075 each, and the FT units went for $0.08 apiece.
Each regular unit contained one common share and one common share purchase warrant of Braveheart, which is exercisable into a common share at a price of $0.1125 per share for a three-year period.
Each FT unit included one common share and one common share purchase warrant of the company that can be exercised into a common share for $0.12 per share for the same three-year period.
For the FT portion of the financing, Braveheart paid a cash commission of $35,000 and issued 437,500 broker warrants. Each broker warrant entitles the holder to acquire one common share of the company at a price of $0.08 during the aforementioned time period.
The company stated it will use the proceeds from the financing for exploration and development activities at the Bull River Mine Project in British Columbia and the Thierry Mine Project in Ontario.
Braveheart is a mining company that is largely focused on two near-term copper production assets in Canada.
Braveheart Resources Inc. (BHT) is unchanged, trading at $0.07 per share as of 2:06 p.m. EST.