Canadian Critical Minerals Inc. (RIINF)

[ThSeeker]

Summary of recent funding (at price much higher than current price)

Help show BH is undervalued compare to funding sources expectation of that BH share price should be.

Sept 22
The funding will consist of 7,000,000 units (“Units”), priced at $0.075 per Unit for proceeds of $525,000 (the “Offering”). Each Unit consists of one common share and one common share purchase warrant. Each warrant is exercisable into a common share at a price of $0.11 per share for a period of 3 years from the Offering

Sept 01
The Company issued 2,222,222 units at $0.1125 per unit for total proceeds of $250,000. Each unit consists of one common share and one common share purchase warrant. Each warrant is exercisable into a common share at a price of $0.1875 per share for a period of 60 months from the offering. No commissions were paid in connection with the offering. All securities will be subject to a statutory hold period that expires four months and one day from issuance.

August 14, 2020

Calgary, Alberta--(Newsfile Corp. – August 14, 2020) – Braveheart Resources Inc. (TSXV: BHT) (OTCQB:RIINF) ("Braveheart" or the "Company") 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 (the “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. (“2166687”) as resolution of a portion of its convertible debt. 2166687 is a holding entity for approximately 90 underlying note holders.

Previously, on March 11, 2020,

the Company announced the restructuring of its Debenture that was originally negotiated with CuVeras LLC and the Secured Debenture Holders of CuVeras, operating through 2166687. Under the restructured agreement with 2166687, the maturity date of the original Debenture was extended for an additional two years and will now mature on January 21, 2024. The Debenture will continue to accrue annual interest of 1% and 2% respectively in the second and third year of the Debenture. The Debenture will accrue annual interest of 5% for each of the fourth and fifth years of the Debenture. The conversion price was amended such that immediately, up to 40% of the principal amount of the Debenture can be converted into shares of Braveheart at a price of $0.20 per share. After 48 months from the original date of issuance, or January 21, 2023, the balance of the principal amount of the Debenture can be converted into shares of Braveheart at a price of $0.30 per share. If the remaining 60% of the Debenture is fully converted into common shares of Braveheart, an additional 12,000,000 common shares will be issuable to the underlying note holders of 2166687. The amendments to the original Debenture have been approved by the TSX Venture Exchange.


Corp Presentation-- recommented reading
https://braveheartresources.com/site/assets/files/2184/bht-braveheart-sept2020jemini-b.pdf