December 6, 2010 - Rockhaven Resources Ltd.
(TSX-V: RK) (“Rockhaven”) is pleased to announce the closing of the private placement originally announced on November 4, 2010, as increased by announcement on November 19, 2010. The private placement consisted of the sale of 8,571,442 units (“Units”) at a price of $0.70 per Unit, for total subscription proceeds of $6,000,009.40. Each Unit consisted of one common share and one-half (1/2) of a non-transferable share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at a price of $1.00 until December 2, 2012, provided that, in the event the closing price of Rockhaven’s shares is $1.25 or greater for a period of ten (10) consecutive trading days subsequent to April 3, 2011, Rockhaven may give notice of an earlier expiry of the warrants, in which case they would expire thirty (30) calendar days from the giving of such notice.
In connection with the closing of this private placement, Rockhaven has issued the following securities in payment of finder’s fees: (a) 376,715 finder units, each consisting of the same securities as the Units sold pursuant to the private placement; and (b) 502,286 finder’s warrants, each entitling the holder to purchase one common share at a price of $0.70 until June 2, 2012, subject to the same potential acceleration in the expiry date as disclosed above.
All of the securities issued in connection with the closing of this private placement, including the securities issued in payment of finder’s fees, are subject to a hold period in Canada until April 3, 2011.
Rockhaven Resources Ltd. is a strongly managed Canadian mineral exploration company focused on growth through the acquisition of advanced stage projects. For additional information concerning Rockhaven Resources Ltd. or its various exploration projects please visit the Company’s website atwww.rockhavenresources.com
Matthew Turner, CEORockhaven Resources Ltd.
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.CAUTIONARY NOTE:
This news release includes certain “forward-looking statements”. Other than statements of historical fact, all statements included in this release, including, without limitation, statements regarding future plans and objectives of Rockhaven are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from those expected by Rockhaven are those risks described herein and from time to time, in the filings made by Rockhaven with Canadian securities regulators. Those filings can be found on the Internet athttp://www.sedar.com
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