18:37:28 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Rockhaven Resources Ltd
Symbol RK
Shares Issued 61,551,668
Close 2014-02-24 C$ 0.18
Market Cap C$ 11,079,300
Recent Sedar Documents

Rockhaven arranges $3-million financing

2014-02-25 09:06 ET - News Release

Mr. Matthew Turner reports

ROCKHAVEN RESOURCES LTD. ANNOUNCES $3,000,000 FINANCING

Rockhaven Resources Ltd. has arranged a private placement of up to $3-million. The placement will include the sale of up to 15 million flow-through units and two million non-flow-through units.

Each flow-through unit will be sold at a price of 18 cents and will consist of one flow-through common share and one-half of a non-flow-through share purchase warrant. Each non-flow-through unit will be sold at a price of 15 cents and will consist of one non-flow-through common share and one-half 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 30 cents for a period of 12 months from the closing of the placement.

Strategic Metals Ltd., Rockhaven's largest shareholder, will purchase 5.3 million flow-through units as part of the private placement. Assuming all 17 million 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-per-cent interest in the Rockhaven-issued share capital. Insiders of Rockhaven will also participate in the placement in an amount greater than 11 per cent 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-per-cent-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 that will expire four months and one day from the date of closing. Finder's fees may be payable on a portion of the financing.

We seek Safe Harbor.

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