The TSX Venture Exchange has accepted for filing documentation of a letter agreement dated Feb. 6, 2014, between Westhaven Ventures Inc. and Dave Nickerson whereby the company may acquire a 100-per-cent interest in certain mineral claims known as the Mona property located in the Northwest Territories, Canada.

The consideration payable to the vendor is cash payments totalling $485,000 cash payable in stages over a five-year period and 100,000 common shares of the company.

The vendor will retain a 2.5-per-cent net smelter return royalty on the commencement of commercial production, which the company may purchase for a total of $7-million.