By Devika Patel
Knoxville, Tenn., Nov. 6 - Rockhaven Resources Ltd. said it plans to conduct a private placement of units to raise between C$500,000 and C$1 million
Rockhaven will sell between 1 million and 2 million units at C$0.50 apiece. Each unit will comprise one common share and one half-share warrant. Each whole non-transferable warrant is exercisable at C$0.80 for two years.
Rockhaven said it also intends to conduct another private placement of between 4 million and 5 million units at C$0.60 per unit. Each unit will consist of one flow-through common share and one-half-share warrant. The company did not give any further details on that deal, which is still subject to approval.
Based in Vancouver, B.C., Rockhaven is a mineral exploration company focused on early stage discoveries.
| Issuer: | Rockhaven Resources Ltd.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$500,000 (minimum), C$1 million (maximum)
|
| Units: | 1 million (minimum), 2 million (maximum)
|
| Price: | C$0.50
|
| Warrants: | One half warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.80
|
| Pricing date: | Nov. 6
|
| Stock symbol: | CNQ: ROCK
|
| Stock price: | C$0.50 at close Nov. 5
|
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