Rockhaven Resources Ltd. Announces 16,000 m Diamond Drill Program at Klaza and Closes First Tranche of Financing
1016 – 510 West Hastings Street
Vancouver, BC V6B 1L8
604-687-2522
www.rockhavenresources.com
Rockhaven Resources Ltd. Announces 16,000 m Diamond Drill Program at Klaza
and Closes First Tranche of Financing
NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR
DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
June 28, 2017 - Rockhaven Resources Ltd. (TSX-V:RK) ("Rockhaven") is pleased to
announce details of the 2017 exploration program at its 100% owned and road accessible
Klaza property, located in the Dawson Range Gold Belt of southern Yukon. The work
program has commenced and will include 16,000 m of diamond drilling, geophysical
surveys, soil geochemical sampling and metallurgical test work.
Diamond drilling will utilize two drills and will prioritize:
Further definition and expansion of near -surface mineral resources through infill
and step-out drilling at the Klaza and BRX zones;
Exploration for new mineralization by testing numerous geophysical and soil
geochemical targets located close to the known resource areas; and,
Collection of material that will be used in advanced metallurgical and pre -
concentration test work to optimize processing, reduce costs and lower cut -off
grades. I nitial test work done in 2016 has shown that pre-concentration has
considerable promise.
“We are excited to commence a major diamond drill program at the Klaza property with
the support of an experienced mining group . The main objectives of the program are to
increase the confidence of potential open-pit mineral resources from inferred to indicated,
explore for new gold discoveries and continue to advance the metallurgical and
engineering facets of the Klaza project,” stated Matt Turner, Rockhaven’s President and
CEO. “We look forward to rapidly advancing t he Klaza project with the help of Coeur
Mining’s technical team.”
A map showing the proposed program can be viewed on the Rockhaven website
www.rockhavenresources.com.
First Tranche of Financing Closed
Rockhaven has closed the first tranche of the private placement announced on May 23, 2017.
Closing consisted of the issuance of:
7,200,000 flow -through shares at $0.20 per share, for total consideration of
$1,440,000; and
11,400,000 non-flow-through shares at $0.18 per share, for total consideration of
$2,052,000. Coeur Mining, Inc. (NYSE:CDE) subscribed for all of the non-flow-
through shares in the first tranche of the financing.
2
Rockhaven paid cash finders’ fees totaling $ 82,700 and issued a total of 388,500 f inders’
warrants in connection with the closing, distributed among EMD Financial Inc. of Montreal,
Quebec, Canaccord Genuity Corp. of Vancouver, British Columbia, and EDE Asset Management
Inc. of Toronto, Ontario. Each finder’s warrant gives the holder the right to purchase one share of
Rockhaven for 12 months at a price of $0.20.
All of the securities issued pursuant to this private placement, including any shares issued
pursuant to the exercise of any of the finders’ warrants disclosed herein, will be s ubject to a four
month hold period expiring on October 15, 2017.
Rockhaven expects to close a second, final tranche in re spect of this financing in the coming
days.
The 201 7 program w ill be managed by Archer, Cathro & Associates (1981) Limited (Archer
Cathro). Technical information in this news release has been approved by Matthew R. Dumala, P.
Eng., a geological engineer with Archer Cathro and qualified person for the purpose of National
Instrument 43-101.
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.
The securities referred to in this news release have not been, nor will they be, registered under
the United States Securities Act of 1933, as amended, and may not be offered or sold within the
United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an
applicable exemption from the U.S. registration requirements. This news release does not
constitute an offer of securities for sale, nor a solicitation for offers to buy any securities. A ny
public offering of securities in the United States must be made by means of a prospectus
containing detailed information about the company and management, as well as financial
statements.
Matthew Turner
President, CEO and Director
Rockhaven Resources Ltd.
T:604-687-2522
Investor Relations
Caleb Jeffries
Kin Communications Inc.
(604) 684-6730 / 1 (866) 684-6730 (toll-free)
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