Braveheart Resources Inc. (TSXV:BHT) agreed to acquire Purcell Basin Minerals Inc. on October 11, 2018. Braveheart will issue shares and warrants to CuVeras LLC and its unit holders. Under the terms of the Plan, Braveheart will settle all priority payables including the costs of the Court appointed Monitor under the CCAA proceedings, related legal expenses and the interim financing currently in place and being paid by the debtor in possession. The cash cost of the priority payables is not expected to exceed $1,500,000. Braveheart will also issue shares to unsecured creditors of Purcell and will make an offer to existing shareholders of Purcell that, if accepted, would allow them to acquire new shares of Braveheart. Unit holders of CuVeras will be entitled to receive 10 million shares of Braveheart plus 10 million warrants with each warrant entitling the holder to purchase a further share at a price of $0.15 per share for a period of 12 months. Braveheart will purchase CuVeras' senior secured position for $6,000,000 in the form of a convertible debenture, which will mature three years from the date of issuance. The debenture will accrue annual interest of 0%, 1% and 2% respectively in the first, second and third year of the debenture. After two years, 40% of the principal amount of the debenture can be converted into shares of Braveheart at a price of $0.40 per share. After three years, the remaining 60% of the principal amount of the debenture can be converted into shares of Braveheart at a price of $0.50 per share. If the convertible debenture is fully converted into common shares of Braveheart, an aggregate of 13,200,000 common shares would be issuable to CuVeras. Highlands Pacific LLC second secured creditor of Purcell, will receive $2,500,000, payable on closing. MacMillanGroup will release all claims against the assets of Purcell and all claims against CuVeras and those parties will settle all litigation between them. Should MacMillanGroup not be paid in full on closing, MacMillanGroup will receive a secured promissory note for the outstanding balance. The Note will be interest-free for 90 days and will accrue interest at a rate of 12% per annum thereafter. The Note will be fully secured by the assets of Purcell and the MacMillanGroup can demand repayment 90 days after closing. Unsecured creditors of Purcell will be entitled to receive 30% of their claim value in shares of Braveheart at a price of $0.10 per share based on a satisfactory proof of claim. Braveheart estimates that the cost of the settlement of proven claims, after compromise, will be about $390,000. If all of the claims are proven, an aggregate of approximately 3,900,000 common shares of Braveheart would be issued to unsecured creditors of Purcell. Transaction will be funded from a non-brokered private placement financing of flow-through units and units for gross proceeds of $1.56 million by Braveheart Resources Inc. Within 90 days after the Plan is approved by the Court, the Purcell equityholders will be given an offer to acquire up to 16.5 million units ("Units") of Braveheart, based on a ratio of 5 Braveheart Units for each issued and outstanding Purcell share. Each Unit will be comprised of one common share of Braveheart and one warrant, with each warrant entitling the holder to purchase a Braveheart common share at a price of $0.15 per share for a period of 12 months. Each Purcell equityholder, regardless of how many Purcell shares held by such equityholder, will have to make a flat cash payment of $1,000 for all the Units purchased. The transaction is subject to approval by the creditors of Purcell and by the Supreme Court of British Columbia. Braveheart expects all necessary approvals will have been obtained by November 19, 2018. In the transaction Purcell acquisition remains subject to the approval of the TSX Venture Exchange. Braveheart Resources Inc. (TSXV:BHT) completed the acquisition of Purcell Basin Minerals Inc. on January 18, 2019. Under the terms of the Plan, Braveheart settled all priority payables for $1.184652 million in cash consideration and the Company paid $2.5 million in cash consideration to Highlands Pacific LLC and Highlands Pacific Partners LP and related entities controlled by Brendan MacMillan, one of the two secured creditors of Purcell.