Rockhaven Resources Ltd. Closes Private Placement
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1016 – 510 West Hastings Street
Vancouver, BC V6B 1L8
604-687-2522
www.rockhavenresources.com
ROCKHAVEN RESOURCES LTD. CLOSES PRIVATE PLACEMENT
August 24, 2020 – Rockhaven Resources Ltd. (TSX-V: RK) (“Rockhaven” or the “Company”) announces
the closing of the private placement initially announced by news release dated July 23, 2020, as amended by
news release dated August 5, 2020. The private placement consisted of the sale of:
(a) 17,900,877 flow-through units (the “FT Units”) at a price of $0.285 each, each consisting of
one flow-through common share and one-half (1/2) of a share purchase warrant (each whole
warrant a “Warrant”), for gross proceeds of $5,101,750; and
(b) 2,500,000 units (the “Units”) at a price of $0.20 each, each consisting of one common share
and one-half (1/2) of a Warrant, for gross proceeds of $500,000.
Each Warrant entitles the holder to purchase one common share at a price of $0.29 until August 20, 2022.
The net pro ceeds from the private placement will be used primarily to fund exploration activities at
Rockhaven’s Klaza property in the Yukon. The gross proceeds raised from the issuance of the FT Units will
be used for “Canadian Exploration Expenses” and will qualif y as “flow -through mining expenditures” as
defined int he Income Tax Act (Canada), with those gross proceeds expected to be renounced to the initial
purchasers of the FT Units with an intended effective date of December 31, 2020.
The Company paid cash fees totalling $249,000 and issued 888,000 finder warrants to arm’s-length parties,
including Agentis Capital Markets Canada Limited Partnership, Canaccord Genuity Corp. and Leede Jones
Gable Inc. in connection with the closing of the private placement. E ach finder warrant has the same terms
as the Warrants forming part of the FT Units and the Units.
All securities issued pursuant to the closing of this private placement, including any common shares that
may be issued pursuant to the exercise of the Warrants or the finder warrants, are subject to a hold period in
Canada until December 21, 2020.
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 Di rector
Rockhaven R esources Ltd.
T:604-687-2522
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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.