Mr. Rob Birmingham reports
GOLDHAVEN CLOSES UPSIZED C$5.75 MILLION LIFE FINANCING TO ADVANCE MAGNO AND COPECAL PROJECTS
Further to the previous news releases dated April 30, 2026, June 4, 2026, and June 8, 2026, Goldhaven Resources Corp. has completed a non-brokered private placement for gross proceeds of $5.75-million from the sale of 23 million units of the company at a price of 25 cents per unit under the listed issuer financing exemption (as defined herein).
Each unit consists of one common share and one-half of one common share purchase warrant. Each warrant is exercisable to acquire one common share at a price of 35 cents per warrant share commencing on the 62nd day after the date of issuance until the date that is 24 months from the date of issuance. The warrants will not be listed for trading on any stock exchange.
Rob Birmingham, chief executive officer of Goldhaven, commented: "We are pleased to complete this upsized financing and thank our shareholders for their continued support and confidence in the company. The successful completion of the LIFE offering positions Goldhaven to advance our planned 2026 exploration initiatives and further strengthens the company's balance sheet."
Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 (Prospectus Exemptions), as amended by Coordinated Blanket Order 45-935 (Exemptions from Certain Conditions of the Listed Issuer Financing Exemption), the LIFE offering was made to purchasers resident in all provinces of Canada, except Quebec, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106. The securities offered under the LIFE offering pursuant to the LIFE are not subject to resale restrictions in accordance with applicable Canadian securities laws.
There is an amended and restated offering document dated June 8, 2026, related to the LIFE offering that can be accessed under the company's issuer profile on SEDAR+ and on the company's website.
The company intends to use the net proceeds from the LIFE offering for the advancement of its Magno project in British Columbia, including permitting, geophysics, drill targeting, and continued and expanded diamond drilling; for continued diamond drilling, follow-up drilling and target advancement at the Copecal gold project in Mato Grosso, Brazil; and for general working capital purposes, all as more particularly set out in the offering document.
Pursuant to a finder's fee agreement dated April 23, 2026, entered into between the company and Research Capital Corp. in respect of the LIFE offering, the company paid finder fees to the finder and certain subfinders consisting of: (i) aggregate cash payments of $191,065; and (ii) the issuance of an aggregate of 902,160 finder warrants. Each finder's warrant is exercisable to purchase one additional common share at 25 cents per finder's warrant share for a period of 36 months from the date of issuance, in accordance with and subject to the terms of the warrant certificate representing the finder warrants and the policies of the Canadian Securities Exchange. The finder warrants will be subject to a statutory hold period of four months and one day from the date of issuance. Pursuant to a financial advisory service agreement between the company and the finder dated April 23, 2026, the company also paid to the finder a cash advisory fee of $25,000 and issued 100,000 common shares in connection with the closing of the LIFE offering.
About Goldhaven Resources Corp.
Goldhaven is a Canadian junior exploration company focused on advancing highly prospective mineral projects in North and South America. The company's flagship asset is the district-scale Magno project in the Cassiar district of Northern British Columbia. Goldhaven also owns the Three Guardsmen copper-gold project in British Columbia and the Copecal gold project in Mato Grosso, Brazil. In addition, the company holds a portfolio of critical mineral projects in Brazil.
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