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Rockhaven Resources Ltd
Symbol RK
Shares Issued 83,783,334
Close 2014-07-29 C$ 0.21
Market Cap C$ 17,594,500
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Rockhaven shareholders exercise warrants

2014-07-30 08:52 ET - News Release

Mr. Matthew Turner reports

ROCKHAVEN RESOURCES LTD. ANNOUNCES WARRANT EXERCISE AND 9,000 M OF ADDITIONAL DRILLING AT KLAZA PROJECT, YUKON

Four million one hundred fifty thousand Rockhaven Resources Ltd. amended warrants have been exercised for proceeds of $1,245,000. A total of 8,833,333 shares purchase warrants were amended on July 24, 2014 (see July 25, 2014, news release).

"The exercise of the amended warrants demonstrates tremendous confidence in the project," stated Matt Turner, chief executive officer of Rockhaven Resources. "The additional funds will allow Rockhaven to expand the scope of the 2014 work program and complete a substantial amount of additional drilling on an extremely cost-effective basis."

Expanded 2014 program

Using the proceeds from the exercise of the amended warrants, Rockhaven will increase its current drill program from 12,000 metres to 21,000 m, and will activate a third diamond drill that is already on the Klaza property. Since early June, 2014, 9,800 m of diamond drilling have been completed in 56 holes at the Klaza property. The drill program is focused on high-grade sections of the BRX and Klaza zones. Results from the first 25 2014 drill holes are very encouraging and are consistent with previous years widely spaced drill and trench results (see news releases dated July 15, 22 and 29, 2014).

Drilling and trenching at the road-accessible Klaza property since 2010 have identified nine main mineralized structural zones and numerous subsidiary structures within a 2,000 by 4,000 m corridor. Individually, the main zones range from one to 75 m in width and are continuously mineralized over strike lengths of 250 to 2,400 m. The zones have been traced over a cumulative strike length of 9,400 m and all remain open for expansion along strike and at depth.

The 2014 program is managed by Archer, Cathro & Associates (1981) Ltd. Technical information in this news release has been approved by Matthew R. Dumala, PEng, a geological engineer with Archer Cathro and qualified person for the purpose of National Instrument 43-101.

Exercise of warrants

The 4.15 million amended warrants noted above were exercised by two Rockhaven insiders. Strategic Metals Ltd., Rockhaven's largest shareholder, has acquired an additional 2,915,000 shares through the exercise of 2.65 million amended warrants. Strategic now holds 27,377,500 Rockhaven shares, representing 32.68 per cent of the 83,783,334 currently issued shares.

ECEE Money Ltd. has acquired an additional 1.65 million shares through the exercise of 1.5 million amended warrants. ECEE Money Ltd. is a private company controlled by W. Douglas Eaton, the president and chief executive officer of Strategic. Mr. Eaton now holds, directly and indirectly, 11,452,500 Rockhaven shares, representing 13.67 per cent of the 83,783,334 currently issued shares. In addition, Mr. Eaton holds incentive stock options entitling him to purchase up to an additional 100,000 shares of Rockhaven as follows: 25,000 shares exercisable at $1.20 per share until June 14, 2016, and 75,000 shares exercisable at 25 cents per share until Dec. 7, 2017.

There are no persons acting jointly or in concert with Mr. Eaton with respect of his shareholdings in Rockhaven, nor has he entered into any agreements in respect of his shareholdings in Rockhaven with any person or persons.

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