Rockhaven Resources Ltd. Announces Private Placement
August 02 2019 - 9:15AM
Rockhaven Resources Ltd. (TSX-V: RK) (“Rockhaven” or the “Company”)
announces a private placement to consist of the sale of the
following securities:
(a) up to 7,000,000
units at a price of $0.12 each, to raise gross proceeds of up to
$840,000, each unit to consist of one common share and one share
purchase warrant, with each warrant to entitle the holder to
purchase one additional common share at a price of $0.20 for
a period of 60 months from closing; and,
(b) up to 18,000,000
structured flow-through units at a price of $0.17 each, to raise
gross proceeds of up to $3,060,000, each structured flow-through
unit to consist of one flow-through common share and one share
purchase warrant, with each warrant to have the same terms as
disclosed in (a) above.
The proceeds from this private placement will be
used to finance further exploration at the Company’s Klaza Project,
and for working capital purposes. This placement is subject
to regulatory acceptance.
All securities issued pursuant to the private
placement, including any shares that may be issued pursuant to the
exercise of the share purchase warrants, will be subject to a hold
period in Canada of four months and one day from closing.
Finders’ fees may be paid on a portion of the funds raised.
About Rockhaven
Rockhaven Resources Ltd. is a mineral
exploration company focused on growth through the advancement of
its Klaza Project. For additional information concerning
Rockhaven or its Klaza Project please visit Rockhaven’s website at
www.rockhavenresources.com.
Matthew TurnerPresident, CEO and
DirectorRockhaven Resources Ltd.T: (604)
687-2522mturner@rockhavenresources.com
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 of 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
means of a prospectus containing detailed information about the
company and management, as well as financial statements.
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.
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