November 19, 2010 - Rockhaven Resources Ltd.
(TSX-V: RK) (“Rockhaven”) announces an increase in the size of the non-brokered private placement announced on November 4, 2010. The private placement has been increased from up to $5,000,000 to up to $6,000,000, and will now consist of the sale of up to 8,571,428 units at a price of $0.70 per unit (the “Units”). As disclosed in the November 4, 2010 News Release, each Unit will consist of one common share and one-half (1/2) of a non-transferable share purchase warrant, with each whole warrant to entitle to holder to purchase one additional common share at a price of $1.00 for a period of 2 years from closing, provided that, if the closing price of Rockhaven’s shares is $1.25 or greater for a period of ten (10) consecutive trading days subsequent to the expiry of the applicable hold period, 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.
As disclosed in the November 4, 2010 News Release, Rockhaven has agreed to allocate a portion of the placement to subscribers identified by Axemen Resource Capital Ltd., an exempt market dealer, and by other exempt market or investment dealers. Rockhaven has also agreed to pay finder’s fees in connection with the private placement on the terms disclosed in its November 4, 2010 News Release.
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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