
GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS) is pleased to announce that it has closed the first tranche of its previously announced non-brokered flow-through financing, issuing 7,111,800 flow-through common shares (the “FT Shares”) at a price of $0.265 per FT Share for aggregate gross proceeds of $1,884,627.
In response to additional investor demand, the Company has increased the size of the Flow-Through Offering to aggregate gross proceeds of up to $3.0 million. The Company intends to complete one or more additional tranches of the Flow-Through Offering at a price of $0.265 per FT Share, subject to applicable regulatory requirements.
The additional capital is expected to provide GoldHaven with increased financial flexibility to advance exploration at its Magno Project and build upon the Company’s ongoing 2026 exploration program.
Rob Birmingham, CEO of GoldHaven, commented: “We are very pleased with the strong support for this financing. With the first tranche now closed and additional demand for the Offering, we have elected to increase the financing to up to $3.0 million. This additional capital provides us with the opportunity to further strengthen our exploration program at Magno while maintaining the momentum we have established on the ground. We appreciate the continued support from both existing and new investors as we advance this important phase of exploration.”
In connection with the closing, the Company paid cash finder’s fees totaling $131,924 and issued 497,826 non-transferable finder warrants to certain eligible arm’s-length finders who introduced subscribers to the Offering. Each Finder Warrant entitles the holder to purchase one common share at a price of $0.35 per Finder Share for a period of 24 months from the date of issuance. All securities issued pursuant to the Offering are subject to a statutory hold period expiring January 2, 2027, in accordance with applicable securities laws and Canadian Securities Exchange requirements.
USE OF PROCEEDS
The gross proceeds from the Offering will be used to incur eligible Canadian exploration expenses that will qualify as “Critical Mineral Mining Expenditures” as defined under the Income Tax Act (Canada). The expenditures will be renounced to subscribers effective December 31, 2026.
Funds from the Offering are expected to support ongoing exploration and advancement of the Company’s Magno Project.
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