GoldHaven Announces a Two Million Dollar Private Placement with a Lead Order from Palisades Goldcorp Ltd.
#2300 – 1177 West Hastings Street, Vancouver, BC V6E 2K3 • Tel. 604-638-5938 • Fax 604-408-7499
Web. www.goldhavenresources.com
**NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO
UNITED STATES NEWS WIRE SERVICES**
GOLDHAVEN ANNOUNCES A TWO MILLION DOLLAR PRIVATE PLACEMENT
WITH A LEAD ORDER FROM PALISADES GOLDCORP LTD.
Vancouver, British Columbia, October 16, 2020: GoldHaven Resources Corp. (formerly Altum
Resources Corp.) (the "Company" or "GoldHaven") (CSE: GOH, OTCQ B: ATUMF), announces
a non-brokered private placement financing of 10,000,000 units at a price of $0.20/unit with a lead
order from Palisades Goldcorp. Each unit consists of one common share of the Company and one
common share purchase warrant ent itling the holder to purchase an additional common share of
the Company at a price of $0.30 for a period of three years from closing.
In connection with the Private Placement, cash finder's fees wi ll be paid to applicable eligible
finders. Net proceeds of the Private Placement will be used to commence a drill program on its
Maricunga Gold Belt projects. Management recently completed re search and additional surface
sampling identifying four of its seven projects in the Maricung a Gold Belt of Northern Chile
projects as High Priority with drilling to commence in January of 2021
All securities to be issued in respect to the Private Placement will be subject to a hold period
expiring four months and one day from the closing date of the P rivate Placement in accordance
with applicable securities laws. Closing of the Private Placement is subject to final acceptance by
the Canadian Securities Exchange.
About GoldHaven Resources Corp.
GoldHaven Resources Corp. is a Canadian junior exploration comp any active in the Maricunga
Gold Belt of northern Chile. The Maricunga measures 150 km nor th-south and 30 km. east-west
and is host to discoveries in the last ten years of 100M oz. go ld; 450M Oz. Silver and 13 Billion
lbs. copper. The company has agreements in place to acquire seven projects with extensive surface
study. GoldHaven has identified four of its seven properties as being “High Priority targets,” and
will commence a drilling program commencing in January 2021. On e project being Coya is
approx.16 km. northeast of the La Coipa mine where Kinross extr acted over 6.2 million oz.; the
second being Rio Loa, a project that is 25 km. away from GoldFi eld’s Salares Norte deposit with
a discovery of 5.2 M oz. gold; the third and fourth being Alici a and Roma which are also
approximately 35-35 km. away from Gold Field’s Salares Norte de posit. These priority targets
were designated High Priority, owing to the extensive, and very positive analytical work that was
completed on all the properties all defining the properties as drill targets; and secondly owing to
their relative location in respect of existing deposits.
#2300 – 1177 West Hastings Street, Vancouver, BC V6E 2K3 • Tel. 604-638-5938 • Fax 604-408-7499
Web. www.goldhavenresources.com
About Palisades Goldcorp Ltd.
Palisades Goldcorp is Canada’s resource focused merchant bank. Palisades’ management team has
a demonstrated track record of m aking money and is backed by ma ny of the industry’s most
notable financiers. With junior resource equities valued at generational lows, management believes
the sector is on the cusp of a major bull market move. Palisades is positioning itself with significant
stakes in undervalued companies and assets with the goal of generating superior returns.
We Seek Safe Harbor.
On Behalf of the Board of Directors
David C. Smith, President and Director
For further information, please contact:
David Smith
President and CEO
#2300 – 1177 West Hastings St.
Vancouver, B.C.
V6K 2E3
www.goldhavenresources.com
Office Direct: (604) 638-5938
Cell Direct: (778) 834-1141
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the
CSE- Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Cautionary Statements Regarding Forward Looking Information
This news release contains forward-looking statements and forward-looking information (collectively, "forward
looking statements") within the meaning of applicable Canadian and U.S. securities legislation, including the United
States Private Securities Litigation Refo rm Act of 1995. All statements, other than statements of historical fact,
included herein including, without limitation, the intended use of the proceeds received from the Offering, the possible
acquisition of the Projects, the Company's expectation that it will be successful in enacting its business plans, and the
anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although
the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove
to be correct. Forward-looking statements are typically identified by words such as: "believes", "will", "expects",
"anticipates", "intends", "estimates", "plans", "may", "should", "potential", "scheduled", or variations of such words
and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would,
might or will occur or be taken or achieved. In making the forward-looking statements in this news release, the
Company has app lied several material assumptions, including with out limitation, that inves tor interest will be
sufficient to close the Offering, and the receipt of any necessary regulatory or corporate approvals in connection with
the Offering and the Assignment, that there will be investor interest in future financings, market fundamentals will
result in sustained precious metals demand and prices, the receipt of any necessary permits, licenses and regulatory
approvals in connection with the future exploration and development of the Company's projects in a timely manner,
the availability of financing on suitable terms for the exploration and development of the Company's projects and the
Company's ability to comply with environmental, health and safety laws.
#2300 – 1177 West Hastings Street, Vancouver, BC V6E 2K3 • Tel. 604-638-5938 • Fax 604-408-7499
Web. www.goldhavenresources.com
The Company cautions investors that any forward-looking statements by the Company are not guarantees of future
results or performance, and that actual results may differ materially from those in forward-looking statements as a
result of various factors, including, operating and technical difficulties in connection with mineral exploration and
development activities, actual results of exploration activities, the estimation or realization of mineral reserves and
mineral resources, the inability of the Company to obtain the necessary financing required to conduct its business and
affairs, as currently contemplated, the inability to close the Offering, the inability of the Company to enter into
definitive agreements in respect of the Letters of Intent which are the subject of the Assignment, the timing and amount
of estimated future production, the costs of production, capital expenditures, the costs and timing of the development
of new deposits, requirements for additional capital, future prices of precious metals, changes in general economic
conditions, changes in the financial markets and in the demand and market price for commodities, lack of investor
interest in future financings, accidents, labour disputes and other risks of the mining industry, delays in obtaining
governmental approvals, permits or financing or in the completion of development or construction activities, changes
in laws, regulations and policies affecting mining operations, title disputes, the inability of the Company to obtain any
necessary permits, consents, approvals or authorizations, including by the Exchange, the timing and possible outcome
of any pending litigation, environmental issues and liabilities, and risks related to joint venture operations, and other
risks and uncertainties disclosed in the Company's latest interim Management's Discussion and Analysis and filed
with certain securities commissions in Canada. All of the Company's Canadian public disclosure filings may be
accessed via www.sedar.com and readers are urged to review these materials.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no
obligation to update any of the forward-looking statements. The Company undertakes no obligation to update any of
the forward-looking statements in this news release or incorporated by reference herein, except as otherwise required
by law.