Rockhaven Resources Ltd. Closes $3,100,000 Financing
08.04.2014 | Marketwired
NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
VANCOUVER, BRITISH COLUMBIA -- (Marketwired - April 8, 2014) - Rockhaven Resources Ltd. (TSX VENTURE:RK) ("Rockhaven") is pleased to announce that it has closed the private placement previously announced on February 25, 2014.
The private placement consisted of the sale by Rockhaven of the following securities:
(a) 15,000,000 flow-through units at a price of $0.18 each, for aggregate subscription proceeds of $2,700,000. Each flow-through unit consisted of one flow-through common share and one-half (1/2) of a share purchase warrant, with each whole warrant entitling the holder to purchase one common share at a price of $0.30 until April 7, 2015; and
(b) 2,666,666 units at a price of $0.15 each, for aggregate subscription proceeds of $400,000. Each unit consisted of one common share and one-half (1/2) of a share purchase warrant, with each whole warrant entitling the holder to purchase one common share at a price of $0.30 until April 7, 2015.
Strategic Metals Ltd. ("Strategic"), Rockhaven's largest shareholder, purchased 5,300,000 flow-through units as part of the private placement. Strategic now holds 24,462,500 shares of Rockhaven, representing 30.88% of Rockhaven's currently issued and outstanding share capital.
Rockhaven paid cash finders' fees totaling $62,242.79 and issued 355,327 finder warrants in connection with this private placement. Each finder warrant entitles the holder to purchase one common share of Rockhaven at a price of $0.30 until April 7, 2015.
All of the securities issued pursuant to the private placement are subject to a hold period in Canada which will expire on August 8, 2014.
The proceeds from the sale of the flow-through units will be used to finance the recently announced 12,000 m diamond drill program at Rockhaven's 100% owned Klaza gold-silver property, located in the Dawson Gold Belt of southwestern Yukon. The proceeds from the sale of the units will be used for general working capital.
About Rockhaven Resources Ltd.
Rockhaven Resources Ltd. is a well-managed mineral exploration company focused on advancing its 100% owned Klaza gold-silver project located in Yukon, Canada. For additional information concerning Rockhaven or its various exploration projects please visit Rockhaven's website at www.rockhavenresources.com.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for the sale of securities, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by mean of a prospectus containing detailed information about the company and management, as well as financial statements.
CONTACT INFORMATION
Rockhaven Resources Ltd.
Matthew Turner, CEO and Director
604-688-2568
mturner@nordacres.com
www.rockhavenresources.com
VANCOUVER, BRITISH COLUMBIA -- (Marketwired - April 8, 2014) - Rockhaven Resources Ltd. (TSX VENTURE:RK) ("Rockhaven") is pleased to announce that it has closed the private placement previously announced on February 25, 2014.
The private placement consisted of the sale by Rockhaven of the following securities:
(a) 15,000,000 flow-through units at a price of $0.18 each, for aggregate subscription proceeds of $2,700,000. Each flow-through unit consisted of one flow-through common share and one-half (1/2) of a share purchase warrant, with each whole warrant entitling the holder to purchase one common share at a price of $0.30 until April 7, 2015; and
(b) 2,666,666 units at a price of $0.15 each, for aggregate subscription proceeds of $400,000. Each unit consisted of one common share and one-half (1/2) of a share purchase warrant, with each whole warrant entitling the holder to purchase one common share at a price of $0.30 until April 7, 2015.
Strategic Metals Ltd. ("Strategic"), Rockhaven's largest shareholder, purchased 5,300,000 flow-through units as part of the private placement. Strategic now holds 24,462,500 shares of Rockhaven, representing 30.88% of Rockhaven's currently issued and outstanding share capital.
Rockhaven paid cash finders' fees totaling $62,242.79 and issued 355,327 finder warrants in connection with this private placement. Each finder warrant entitles the holder to purchase one common share of Rockhaven at a price of $0.30 until April 7, 2015.
All of the securities issued pursuant to the private placement are subject to a hold period in Canada which will expire on August 8, 2014.
The proceeds from the sale of the flow-through units will be used to finance the recently announced 12,000 m diamond drill program at Rockhaven's 100% owned Klaza gold-silver property, located in the Dawson Gold Belt of southwestern Yukon. The proceeds from the sale of the units will be used for general working capital.
About Rockhaven Resources Ltd.
Rockhaven Resources Ltd. is a well-managed mineral exploration company focused on advancing its 100% owned Klaza gold-silver project located in Yukon, Canada. For additional information concerning Rockhaven or its various exploration projects please visit Rockhaven's website at www.rockhavenresources.com.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for the sale of securities, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by mean of a prospectus containing detailed information about the company and management, as well as financial statements.
CONTACT INFORMATION
Rockhaven Resources Ltd.
Matthew Turner, CEO and Director
604-688-2568
mturner@nordacres.com
www.rockhavenresources.com