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RK Rockhaven Resources Ltd

0.085
0.00 (0.00%)
24 Jan 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Rockhaven Resources Ltd TSXV:RK TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.085 0.08 0.10 0.085 0.085 0.085 20,114 21:00:14

Rockhaven Resources Ltd. Announces $3,000,000 Financing

25/02/2014 1:00pm

Marketwired Canada


NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR
DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES


Rockhaven Resources Ltd. (TSX VENTURE:RK) ("Rockhaven") announces a private
placement of up to $3,000,000. The placement will include the sale of up to
15,000,000 flow-through units and 2,000,000 non-flow-through units.


Each flow-through unit will be sold at a price of $0.18 and will consist of one
flow-through common share and one-half (1/2) of a non-flow-through share
purchase warrant. Each non-flow-through unit will be sold at a price of $0.15
and will consist of one non-flow-through common share and one-half (1/2) of a
non-flow-through share purchase warrant. All whole warrants will entitle the
holder to purchase one additional non-flow-through common share at a price of
$0.30 for a period of 12 months from the closing of the placement.


Strategic Metals Ltd. ("Strategic"), Rockhaven's largest shareholder, will
purchase 5,300,000 flow-through units as part of the private placement. Assuming
all 17,000,000 units being offered are sold, on the completion of the private
placement, Strategic would hold 24,462,500 Rockhaven shares, maintaining its
current 31.1% interest in the Rockhaven issued share capital. Insiders of
Rockhaven will also participate in the placement in an amount greater than 11%
of the total offering.


The proceeds from the sale of the flow-through units will be used to finance
additional exploration at Rockhaven's 100% owned Klaza gold-silver property,
located in the Dawson Gold Belt of southwestern Yukon. Proceeds for the sale of
the non-flow-through units will be used as general working capital.


Closing of the private placement is subject to TSX Venture Exchange acceptance.
Securities issued under the private placement will be subject to a hold period
which will expire 4 months and one day from the date of closing. Finder's fees
may be payable on a portion of the financing.


About Rockhaven Resources Ltd.

Rockhaven Resources Ltd. is a well-managed gold-silver exploration company
focused on growth through advancing its quality portfolio of wholly-owned
projects. 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Rockhaven Resources Ltd.
Matthew Turner
CEO and Director
604-688-2568
mturner@nordacres.com
www.rockhavenresources.com

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