Deal offers 5.3 million flow-through common shares at C$0.38 per share
By Devika Patel
Knoxville, Tenn., Aug. 27 - Rockhaven Resources Ltd. said it has arranged a C$2.01 million non-brokered private placement of stock.
The company will sell 5.3 million flow-through common shares at C$0.38 each. The price per share reflects an 8.57% premium to the Aug. 24 closing share price of C$0.35.
Strategic Metals Ltd. will invest C$1.56 million.
Proceeds will be used for drilling at Rockhaven's Klaza gold-silver property.
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$2,014,000
|
| Shares: | 5.3 million
|
| Price: | C$0.38
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Investor: | Strategic Metals Ltd. (for C$1,558,000)
|
| Pricing date: | Aug. 27
|
| Stock symbol: | TSX Venture: RK
|
| Stock price: | C$0.35 at close Aug. 24
|
| Market capitalization: | C$18.32 million
|
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