Rockhaven Announces $4,410,000 Financing
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 20, 2015) - Rockhaven Resources Ltd. (TSX VENTURE:RK) ("Rockhaven") announces that it has arranged a 21,000,000 share private placement with Strategic Metals Ltd. ("Strategic Metals"), Rockhaven 's largest shareholder. The placement will be a share offering at $0.21 per share for total proceeds of $4,410,000. No warrants will be included in the placement.
Strategic Metals currently holds 27,847,500 Rockhaven shares, representing 33.22% of the 83,838,334 issued Rockhaven share capital. Following the closing of the placement, Strategic Metals will hold 48,847,500 Rockhaven shares, representing 46.59% of the 104,838,334 issued Rockhaven share capital.
The proceeds from the private placement will be used to finance additional exploration at Rockhaven's 100% owned Klaza gold-silver property and as general working capital.
The private placement is subject to TSX Venture Exchange acceptance. All shares issued as part of the placement will be subject to a statutory hold period expiring 4 months and one day from the date the placement closes. No finder's fees or other sales commissions will be paid as part of the placement.
"Strategic Metals recognizes the potential to substantially expand the mineral resource and make new discoveries at the road accessible Klaza property," stated Matthew Turner, the Rockhaven CEO. "This placement will allow Rockhaven to continue drill exploration along strike and down dip of the current resource blocks and at other areas on the property, while simultaneously collecting geotechnical, metallurgical and environmental data required for advanced permitting and engineering studies."
About Rockhaven
Rockhaven is a gold-silver exploration company with a portfolio of 100%-owned projects located in Yukon Territory. Its principal project, the Klaza Property, hosts an initial inferred mineral resource estimate as reported in January 2015. For additional information related to 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.
Contact
Rockhaven Resources Ltd.
Matthew Turner
CEO and Director
(604) 688-2568
mturner@rockhavenresources.com
www.rockhavenresources.com