Buckhaven Capital Corp. Announces Closing of Initial Public Offering

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Buckhaven Capital Corp. Announces Closing of Initial Public Offering

VANCOUVER, BRITISH COLUMBIA – June 19, 2019. Buckhaven Capital Corp. (“Buckhaven” or the

“Company”) (TSXV: BKH.P) is pleased to announce that it has successfully completed its initial public

offering of 2,150,000 common shares of the Company (“Common Shares”) at a price of $0.1 5 per Common

Share for gross proceeds of $ 322,500 (the “Offering”). The Company now has 3,530,000 Common Shares

issued and outstanding.

Haywood Securities Inc. (the “Agent”) acted as the agent for the Offering and in connection therewith, the

Company granted the Agent non-transferable warrants (the “ Agent’s Warrants”) to purchase 100,000

Common Shares at an exercise price $0.1 5 per Common Share. The Agent’s Warrants will expire 24 months

from the date the Common Shares were listed on the TSX Venture Exchange (the “ Exchange”), which was

June 19, 2019. In connection with the Offering, t he Agent also received a cash commission equal to 7.5% of

the gross proceeds of the Offering, a corporate finance fee, and was reimbursed for its legal fees and

reasonable expenses.

Concurrent with the closing of the Offering, the Company also granted options to directors and officers of the

Company to acquire an aggregate of 300,000 Common Shares at an exercise price of $0.1 5 per Common

Share, which options expire five years from the date of grant.

The Company is a “capital pool company” and intends to use the net proceeds of the Offering to ident ify and

evaluate assets or businesses for acquisition with a view to completing a “Qualifying Transaction” under the

policies of the Exchange. On June 17, 2019, the Exchange issued a bulletin listing the Common Shares as of

market open on June 19, 2019 and immediately halting trading pending completion of closing. T he Common

Shares will resume trading under the trading symbol “BKH.P” on June 21, 2019.

Investors are cautioned that trading in the securities of a capital pool company should be considered highly

speculative.

For further information, please contact:

Buckhaven Capital Corp.

Santo Iacono – President, Chief Executive Officer, Chief Financial Officer, Corporate Secretary, and Director

Phone: 604-689-1428

Forward-Looking Information Cautionary Statement

Certain statements contained in this press release constitute forward -looking information. These statements relate to future events or the

Company’s future performance. The use of any of the words “could”, “expect”, “believe”, “will”, “projected”, “estimated” and similar

expressions and statements relating to matters that are not historical facts are intended to identify forward -looking information and are based on

the Company’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In

particular, the Company’s stated use of proceeds and its expectation as to the resumption of trading of the Common Shares on the Exchange

constitute forward-looking information. Act ual results and developments may differ materially from those contemplated by forward -looking

information. Readers are cautioned not to place undue reliance on forward -looking information. The statement made in this press release are

made as of the date h ereof. The Company disclaims any intention or obligation to publicly update or revise any forward -looking information,

whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws.

Neither TSX Venture Exchange nor its regulation services provider (as that term is defined in policies of

the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.