By Devika Patel
Knoxville, Tenn., Nov. 15 - Rockhaven Resources Ltd. said it is increasing a previously announced private placement of units to up to C$4.8 million. The deal priced for between C$500,000 and C$1 million on Nov. 6.
Rockhaven will now sell between 1 million and 3 million units at C$0.50 apiece. Each unit will comprise of one common share and one half-share warrant. Each whole non-transferable warrant is exercisable at C$0.80 for two years.
Rockhaven also intends to complete a private placement of between 4 million and 5.5 million flow-through units at C$0.60 per unit. Each of these units will consist of one flow-through common share and one half-share warrant.
The company may pay a 5% finder's fee and issue non-transferable finder's warrants to purchase a number of shares equal to 5% of units sold. Each finder's warrant will be exercisable at C$0.60 for 18 months.
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, flow-through units of one flow-through share and one half-share warrant
|
| Amount: | C$4.8 million
|
| Fees: | 5% in cash and warrants
|
| Pricing date: | Nov. 6
|
| Upsized: | Nov. 15
|
| Stock symbol: | CNQ: ROCK
|
| Stock price: | C$0.50 at close Nov. 5
|
|
|
| Units
|
| Amount: | C$500,000 (minimum), C$1.5 million (maximum)
|
| Units: | 1 million (minimum), 3 million (maximum)
|
| Price: | C$0.50
|
| Warrants: | One half warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.80
|
|
|
| Flow-through units
|
| Amount: | C$2.4 million (minimum), C$3.3 million (maximum)
|
| Units: | 4 million (minimum), 5.5 million (maximum)
|
| Price: | C$0.60
|
| Warrants: | One half warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.80
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
