Westhaven Receives $85,200 from Warrant Exercise __________________________________________________________________________________________
WESTHAVEN RECEIVES $85,200 FROM WARRANT EXERCISE
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Vancouver, B.C. – January 31, 2018 – Westhaven Ventures Inc. (TSX-V:WHN) is pleased to
announce that it has received proceeds of $85,200 related to the exercise of warrants. The warrants
were exercisable at $0.07 and $0.08. As of the date of this news release , the Company now has
62,872,642 common shares issued and outstanding.
Additionally, the Company's CEO & President, Mr. D.Grenville Thomas, has increased his
shareholdings via the exercise of 1,0 00,000 warrants. The warrants, acquired through a private
placement transaction, had an exercise price of $0.07 and were set to expire on February 28, 2019 .
After consideration of these transactions, Mr. Thomas directly and indirectly controls 29.93% of the
Company on a non-diluted basis. Mr. Thomas acquired these securities for investment purposes, thus
depending on the economic or market conditions or matters relating to the Company, Mr. Thomas
may choose to either acquire additional securities or dispose of securities of the Company.
As per the news release dated January 16, 2018, Westha ven recently made a significant discovery at
its Shovelnose gold property located within the Spences Bridge Gold Belt, British Columbia.
Preparations are underway for a follow -up drill program.
The Spences Bridge Gold Belt (SBGB)
Westhaven owns a 100%-interest in over 30,000 hectares within the prospective SBGB, which is
situated within a geological setting similar to those which host other significant epithermal gold -
silver systems. It is close to existing transportation and infrastructure allowing for cost-effective
exploration. The SBGB is a 110 -kilometre northwest-trending belt of intermediate to felsic volcanic
rocks dominated by the Cretaceous Spences Bridge group. Westhaven has been working on the SBGB
since 2011 and believes these relatively underexplored volcanic rocks are highly prospective for
epithermal style gold mineralization.
On behalf of the Board of Directors
WESTHAVEN VENTURES INC.
"Shaun Pollard"
Shaun Pollard, Director
About Westhaven Ventures Inc.
Westhaven Ventures Inc. is a Canadian based exploration company focused on the acquisition and
exploration of prospective resource properties. Westhaven is focused on advancing its Shovelnose,
Prospect Valley and Skoonka gold projects in British Columbia. Westhaven trades on the TSX
TSX-V:WHN
Venture Exchange under the ticker symbol WHN. For further infor mation, please call 604 -681-5521 or
visit Westhaven’s website at www.westhavenventures.com
Neither the TSX Venture Exchang e 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.