NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES
September 3, 2019 – Vancouver, B.C. – Rockhaven Resources Ltd. (TSX-V: RK) (“Rockhaven”
or the “Company”) announces that it has closed the private placement announced on August 2,
2019. The private placement consisted of the sale of the following securities:
- 9,000,000 units at a price of $0.12 each, raising gross proceeds of $1,080,000, each unit consisting of one common share and one share purchase warrant, with each warrant entitling the holder to purchase one additional common share at a price of $0.20 until August 30, 2024; and
- 17,584,167 structured flow-through units at a price of $0.17 each, raising gross proceeds of $2,989,308.39, each structured flow-through unit consisting of one flow-through common share and one share purchase warrant, with each warrant having 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.
The Company paid cash finders’ fees totaling $13,478.40 and issued 100,320 finder warrants to a group of finders’ including Haywood Securities Inc., Canaccord Genuity Corp., P.I. Financial Corp., and M Partners in connection with the closing of this private placement. Each finder warrant has the same terms as the warrants forming part of the units and the structured flow-through units disclosed above.
All securities issued pursuant to this private placement, including any shares that may be issued pursuant to the exercise of either the share purchase warrants forming part of the units or the structured flow-through units or the finder warrants, are subject to a hold period in Canada until December 31, 2019.
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.
President, CEO and Director
Rockhaven Resources Ltd.
T: (604) 687-2522 firstname.lastname@example.org
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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