CALGARY, ALBERTA - (CCNMatthews - Feb. 24, 2006) - On February 23, 2006, Rockhaven Resources Ltd. (the “Corporation”) successfully completed its initial public offering of 1,500,000 common shares (the “Common Shares”) at $0.25 per share for gross proceeds of $375,000. As a result of this issuance, the Corporation has 2,600,100 Common Shares issued and outstanding. The Corporation has also granted options to acquire an aggregate of 250,000 Common Shares at an exercise price of $0.25 per share to the directors and officers of the Corporation, which will expire 5 years from the date of grant. In addition, the Corporation paid a cash commission of $28,125 and granted an option to acquire an aggregate of 100,000 Shares (the “Agent’s Option”) at an exercise price of $0.25 per share to Leede Financial Markets Inc., who acted as agent for the offering. The Agent’s Option will expire 24 months from the date of grant.
The Canadian Trading and Quotation Systems Inc. (“CNQ”) has conditionally approved the listing of the Corporation’s Common Shares on the CNQ and the Corporation has made submissions to CNQ for final listing approval. The Corporation expects to commence trading on CNQ next week under the trading symbol “ROCK”.
For more information, please contact
Rockhaven Resources Ltd.
President and a director
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