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Braveheart Resources Inc (OTCMKTS:RIINF) Stock On Radar After Closing $760,000 Financing

Madison Hall , , , ,

Following a major new announcement with regards to a financing transaction it may be a good idea for investors to take an interest in Braveheart Resources Inc (OTCMKTS:RIINF) today.

Trading Data

On Wednesday, RIINF stock ended flat at $0.0520 with more than 106K shares, compared to its average volume of 60.48K shares. The stock moved within a range of $0.0485 – 0.0524 after opening trading at $0.0520.

Braveheart Resources Closes $760,000 Financing

The company announced yesterday that it closed a financing deal in which it managed to raise proceeds of as much as $760,000. In order to raise that amount, Braveheart offered as many as 9,500,000 flow through units at the price of $0.08 each. A solitary flow through unit was made up of one common share in the company and one common share purchase warrant. The holder of the warrant could exercise the warrant to pick up a common share at the exercise price of $0.12 within three years from the date of issuance.

The securities which were issued by the company in the transaction were all subject to a hold period of four months and a day from the date of issuance. In this regard, it is also necessary to point out that Braveheart also paid commissions to the tune of $65,000 in cash and 665000 in the form of broker warrants. One broker warrant entitles the holder to pick up a common share in the company for the price of $0.08 in a period of 36 months.

Madison Hall

After graduating from the University of Buffalo, Madison gained a real interest in the markets. She tends to be a swing trader and enjoys Pilates and yoga in her downtime.