Deal offers 5.6 million flow-through common shares at C$0.36 per share
By Devika Patel
Knoxville, Tenn., July 3 - Rockhaven Resources Ltd. said it plans a C$2.02 million non-brokered private placement of stock.
The company will sell 5.6 million flow-through common shares at C$0.36 each. The price per share reflects a 20% premium to the July 2 closing share price of C$0.30.
Strategic Metals Ltd. will invest C$520,796.
Settlement is expected July 20.
Proceeds will be used to increase the scale of the 2012 Klaza exploration program from 8,000 meters to up to 16,000 meters of diamond drilling.
Based in Vancouver, B.C., Rockhaven is a silver and gold exploration company focused on early stage discoveries.
| Issuer: | Rockhaven Resources Ltd.
|
| Issue: | Flow-through common shares
|
| Amount: | C$2,016,000
|
| Shares: | 5.6 million
|
| Price: | C$0.36
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Investors: | Strategic Metals Ltd. (for C$520,796)
|
| Pricing date: | July 3
|
| Settlement date: | July 20
|
| Stock symbol: | TSX Venture: RK
|
| Stock price: | C$0.30 at close July 2
|
| Market capitalization: | C$14.02 million
|
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