Deal offers 5 million common shares at C$1.20 each, a 4.76% discount
By Devika Patel
Knoxville, Tenn., April 28 - Rockhaven Resources Ltd. said it will raise C$6 million in a private placement of stock.
The company will sell 5 million common shares at C$1.20 per share. The price per share is a 4.76% discount to C$1.26, the April 27 closing share price.
Proceeds will be used to finance exploration activities on Rockhaven's Yukon projects and as unallocated working capital.
Based in Vancouver, B.C., Rockhaven is a silver and gold exploration company focused on early stage discoveries.
| Issuer: | Rockhaven Resources Ltd.
|
| Issue: | Common stock
|
| Amount: | C$6 million
|
| Shares: | 5 million
|
| Price: | C$1.20
|
| Warrants: | No
|
| Pricing date: | April 28
|
| Stock symbol: | TSX Venture: RK
|
| Stock price: | C$1.26 at close April 27
|
| Market capitalization: | C$55.85 million
|
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