Braveheart Resources Inc. (TSXV:BHT) announced a non-brokered private placement of 4,755,000 units at CAD 0.05 per unit for gross proceeds of CAD 237,750 on January 22, 2016. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to acquire additional common share at CAD 0.10 for a period of 18 months.

The transaction included participation from 16 placees, Alex Falconer, Chief Financial Officer of the company and David Johnston, who have subscribed 800,000 units each. The securities issued are subject to four months hold period. The TSX Venture Exchange has accepted for filing documentation with respect to the transaction.