Investor Strategic Metals buys 21 million shares at C$0.21 per share
By Devika Patel
Knoxville, Tenn., March 20 – Rockhaven Resources Ltd. said it plans a C$4.41 million private placement of stock with Strategic Metals Ltd.
The company will sell 21 million shares at C$0.21 apiece. The price per share reflects a 4.55% discount to the March 19 closing share price of C$0.22.
Following this placement, Strategic Metals will hold 46.59% of Rockhaven’s shares.
Proceeds will be used for exploration and general working capital.
Based in Vancouver, B.C., Rockhaven is a silver and gold exploration company.
Issuer: | Rockhaven Resources Ltd.
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Issue: | Stock
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Amount: | C$4.41 million
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Shares: | 21 million
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Price: | C$0.21
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Warrants: | No
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Investor: | Strategic Metals Ltd.
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Pricing date: | March 20
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Stock symbol: | TSX Venture: RK
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Stock price: | C$0.22 at close March 19
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Market capitalization: | C$18.44 million
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