Press release from Marketwire
Rockhaven Resources Ltd. Announces Flow-Through Private Placement-Klaza Gold Silver Project, Yukon
Monday, August 27, 2012
Rockhaven Resources Ltd. Announces Flow-Through Private Placement-Klaza Gold Silver Project, Yukon17:53 EDT Monday, August 27, 2012VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 27, 2012) -Rockhaven Resources Ltd. (TSX VENTURE:RK) ("Rockhaven") announces that it intends to raise up to $2,014,000 by way of a non-brokered private placement. The financing will consist of the sale of up to 5,300,000 flow-through shares at a price of $0.38 per share. Strategic Metals Ltd. ("Strategic"), Rockhaven's largest shareholder, will purchase 4.1 million shares as part of this private placement. Assuming all 5.3 million shares being offered are sold, on the completion of the private placement, Strategic will hold 18,762,500 Rockhaven shares, representing 32.55% of the issued and outstanding Rockhaven share capital.Proceeds will be used to finance additional drilling at Rockhaven's 2012 exploration program at its 100%-owned Klaza gold-silver property located in the Dawson Gold Belt of southern Yukon - see Rockhaven's August 23, 2012 News Release for particulars of the initial 2012 diamond drill results from the Klaza property.Closing of the private placement is subject to TSX Venture Exchange acceptance. Securities issued under the private placement will be subject to a hold period which will expire 4 months and one day from the date of closing. A finder's fee may be payable on a portion of the financing not being purchased by Strategic.About Rockhaven Resources Ltd.Rockhaven is focused on growth through exploration of its wholly-owned Klaza gold-silver property in southwestern Yukon. This road-accessible project hosts gold-silver mineralization over a cumulative strike length of 6,100 m in seven known zones, all of which remain open to expansion. The 60 sq km Klaza project is located in an under-explored part of the Dawson Gold Belt, south of Kaminak Gold Corporation's Coffee project. For additional information on Rockhaven or its various exploration projects please visit the website at www.rockhavenresources.com.This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration of other risk factors.FOR FURTHER INFORMATION PLEASE CONTACT: Matthew TurnerRockhaven Resources Ltd.CEO and Director604firstname.lastname@example.orgNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.