The Prospector News

Braveheart Enters into Agreement to Repurchase 2% Net Smelter Royalty at Thierry Mine Project

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Braveheart Enters into Agreement to Repurchase 2% Net Smelter Royalty at Thierry Mine Project

 

 

 

 

 

Braveheart Resources Inc. (TSX-V: BHT) (OTCQB: RIINF) is pleased to announce that, based on the results of a positive Preliminary Economic Assessment for its newly acquired Thierry Mine Project near Pickle Lake, Ontario (see press release dated January 14, 2021), the Company has negotiated the repurchase of a 2% Net Smelter Royalty from Cadillac Ventures Inc. for a consideration of 2,500,000 common shares of Braveheart. As per the Share Purchase Agreement dated October 21, 2020 and the Share Purchase Amending Agreement dated November 21, 2020, Braveheart was entitled to repurchase 1% of the 2% NSR for $1,000,000. The parties have replaced these terms so that Braveheart can repurchase the entire 2% NSR for 2,500,000 common shares of Braveheart.

 

Completion of the NSR repurchase is subject to the approval of the TSX Venture Exchange.

 

About Braveheart Resources Inc.

 

Braveheart is a Canadian based junior mining company focused on building shareholder value through exploration and development in favourable Canadian mining jurisdictions at or near past-producing properties. Braveheart’s main asset is the 100% owned Bull River Mine project near Cranbrook, British Columbia which has a current Mineral Resource containing copper, gold and silver. Braveheart’s newest acquisition is the 100% owned Thierry Mine project near Pickle Lake, Ontario containing copper, nickel, palladium, platinum, gold and silver.

 

Posted January 22, 2021

Share this news article

MORE or "UNCATEGORIZED"


Montage Closes $20 Million Private Placement of Subscription Receipts

Montage Gold Corp.  (TSX-V: MAU) is pleased to announce the clos... READ MORE

June 30, 2022

Cornish Metals Reports Drilling From the Trenares Target, United Downs Project, Cornwall, UK

Cornish Metals Inc. (TSX-V:CUSN) (AIM: CUSN) a dual-listed compan... READ MORE

June 30, 2022

Kodiak Reports Infill Drilling from Southern Gate Zone: 0.44% CuEq Over 114 m, within 0.28% CuEq Over 501 m

Kodiak Copper Corp. (TSX-V: KDK) (OTCQB: KDKCF) (Frankfurt: 5DD1)... READ MORE

June 30, 2022

NOVAGOLD Reports Second Quarter 2022 Financial Results

Donlin Gold’s Largest Drill Program in Over 10 Years Advancing... READ MORE

June 30, 2022

NEVADA SUNRISE CLOSES $1,500,000 PRIVATE PLACEMENT

Nevada Sunrise Gold Corporation (TSX-V: NEV) (OTC: NVSGF) announc... READ MORE

June 30, 2022

We acknowledge the [financial] support of the Government of Canada.

Government of Canada Supported
Copyright 2022 The Prospector News