GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS) reports that pursuant to their news release of November 16, 2021, they have closed the Private Placements for aggregate proceeds of $1,762,803.
On November 22, 2021, the Company issued 2,515,968 Flow-Through Units at a price of $0.52 per Unit for aggregate gross proceeds of $1,308,303 and 636,250 non-flow-through units at a price of $0.40/unit for gross proceeds of $254,400. On November 26, 2021, the Company issued an additional 500,000 non-flow-through units at a price of $0.40/unit for gross proceeds of $200,000.
Each unit consists of one common share of the Company and one-half of one common share purchase warrant, each whole warrant entitles the holder to purchase an additional common share of the Company at a price of $0.65 per share for a period of 24 months from the closing of the Offering. The expiry of the Warrants may be accelerated if the closing price of the Corporation’s common shares on the Canadian Securities Exchange is equal to or greater than $0.90 for a minimum of ten consecutive trading days and a notice of acceleration is provided in accordance with the terms of the Warrants. The common shares forming part of the National FT Units and BC FT Units, will be issued as “flow-through shares”.
Finder’s fees were paid to Glores Securities Inc. ($90,998.84 and 174,998 warrants) pursuant to the flow-through financing and, to StephenAvenue Securities ($1,330 cash), MMP MunichMining Partners GmbH ($9,100 cash and 34,388 warrants) and Haywood Securities Inc. ($14,000 cash and 35,000 warrants) pursuant to the non-flow through financing.
All securities issued in connection with the Private Placement have a four-month and one day hold period from the date of issuance.
Net proceeds of the Private Placement will be used to for exploration and drilling on its British Columbia, Newfoundland and Chilean gold projects and general working capital.
None of the foregoing securities have been or will be registered under the United States Securities Act of 1933, as amended (the “1933 Act”) or any applicable state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) or persons in the United States absent registration or an applicable exemption from such registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the foregoing securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About GoldHaven Resources Corp.
GoldHaven Resources is a Canadian precious metals exploration company focused on acquiring and unlocking highly prospective gold projects in the Central Newfoundland Gold Belt (Canada) & the Maricunga Gold Belt (Chile). All properties have large scale discovery potential and all properties in Chile are drill-ready. GoldHaven currently holds the Pat’s Pond and O’Neill projects covering approximately 228 km2 of mineral tenements in Newfoundland, Canada. The Company also holds seven Chilean projects; Rio Loa, Coya, Roma, Alicia, Condor, Jacqueline and Valle covering approximately 251 km2; many in close proximity to renowned discoveries or large precious metals mines including Salares Norte (Gold Fields), Esperanza (TDG), La Coipa (Kinross), Cerro Maricunga (Fenix Gold), Lobo Marte (Kinross), Volcan (Volcan), Refugio (Kinross/Bema), Caspiche (Goldcorp/Barrick), Cerro Casale (Goldcorp/Barrick).
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We acknowledge the [financial] support of the Government of Canada.