Mineral explorer arranges to sell common share units at C$0.70 apiece
By Devika Patel
Knoxville, Tenn., Nov. 4 - Rockhaven Resources Ltd. said it expects to settle a non-brokered private placement of units on Nov. 30.
The company will sell 7,142,857 units of one common share and one half-share warrant at C$0.70 apiece for C$5 million. Each whole warrant is exercisable at C$1.00 for two years. The strike price reflects a 25% premium to the Nov. 3 closing share price of C$0.80.
Based in Vancouver, B.C., Rockhaven is a mineral exploration company focused on early stage discoveries.
| Issuer: | Rockhaven Resources Ltd.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$5 million
|
| Units: | 7,142,857
|
| Price: | C$0.70
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$1.00
|
| Agent: | Non-brokered
|
| Pricing date: | Nov. 4
|
| Settlement date: | Nov. 30
|
| Stock symbol: | TSX Venture: RK
|
| Stock price: | C$0.80 at close Nov. 3
|
| Market capitalization: | C$24.41 million
|
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