Rockhaven Announces Private Placement
1016 – 510 West Hastings Street
Vancouver, BC V6B 1L8
604-687-2522
www.rockhavenresources.com
Rockhaven Announces Private Placement
August 28, 2018 - Rockhaven Resources Ltd. (TSX-V: RK) ("Rockhaven") announces that it
has arranged a 4,000,000 unit private placement with Strategic Metals Ltd. ("Strategic
Metals"), Rockhaven 's largest shareholder. The units will be sold at a price of $0.15 per unit,
for total proceeds of $600,000 . Each unit will consist of one common share and one -half
(1/2) of a s hare purchase warrant, with each whole warrant to entitle Strategic Metals to
purchase one additional common share at a price of $0.20 for a period of two years from
closing.
Strategic Metals currently holds 61,844,212 Rockhaven shares, representing 40.23% of the
153,718,093 issued Rockhaven share capital. Following the closing of the placement,
Strategic Metals will hold 65,844,212 Rockhaven shares, representing 41.75% of the
157,718,093 issued Rockhaven share capital. In the event Strategic Metals exercised all of
the 2,000,000 warrants to be issued pursuant to the private placement and no other securities
of Rockhaven were issued, Strategic Metals would then hold 67,844,212 shares of
Rockhaven, which would represent 42.48% of the 159,718,093 shares of Rockhaven that
would then be issued and outstanding.
The proceeds from the private placement, which is subject to TSX Venture Exchange
acceptance, will be used for working capital purposes . All shares issued as part of the
placement, including any shares issued pursuant to the exercise of the warrants, will be
subject to a statutory hold period expiring 4 months and one day from the date the placement
closes. No finder's fees or other sales commissions will be paid as part of the placement.
"Strategic Metals recogni zes the potential to upgrade and expand the recently updated
mineral resource at the road accessible Klaza pro ject," stated Matt Turner, the Rockhaven
CEO. " This placement will allow Rockhaven to better eva luate project economics and
identify areas that are most likely to add ounces to the resource.”
About Rockhaven
Rockhaven Resources Ltd. is a mineral exploration company focused on growth through the
advancement of its Klaza project. For additional information concerning Rockhaven or its
Klaza project please visit Rockhaven’s website at www.rockhavenresources.com.
Matthew Turner
President, CEO and Director
Rockhaven Resources Ltd.
T: (604) 687-2522
NEITHER 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 RELEASE.