Rockhaven Resources Ltd.
CNQ : ROCK

Rockhaven Resources Ltd.

November 15, 2007 14:32 ET

Rockhaven Resources Ltd. Announces Increased Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 15, 2007) - Rockhaven Resources Ltd. ("Rockhaven" or the "Corporation") (CNQ:ROCK) announces that, further to its press release dated November 6, 2007 announcing the proposed acquisition of certain mineral properties from Strategic Metals Ltd. and private placement, the aggregate size of the private placement will be increased, subject to regulatory approvals, to raise gross proceeds of up to $4,800,000.

Rockhaven intends to complete a private placement of a minimum of 1,000,000 and up to a maximum of 3,000,000 units at a price of $0.50 per unit, wherein each unit shall consist of one common share of Rockhaven ("Common Shares") and one-half (1/2) of a non-transferable share purchase warrant ("Warrant"), with each whole warrant to entitle the holder to purchase one additional Common Share at a price of $0.80 for a period of 2 years from the closing of this private placement. Rockhaven also intends to complete a private placement of a minimum of 4,000,000 and up to a maximum of 5,500,000 units at a price of $0.60 per unit, wherein each unit to consist of one Common Share issued on a flow-through basis for Canadian tax purposes and one-half (1/2) of one Warrant.

Eligible finders may receive a cash fee in an amount equal to 5% of the gross proceeds of the sale of units and non-transferable finder's warrants to purchase Common Shares equal in number to 5% of units sold. Each finder's warrant will entitle the holder to acquire one Common Share upon payment of $0.60 per Common Share for 18 months from the closing date of the private placement.

The CNQ has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Rockhaven Resources Ltd.
    Richard Graham
    President
    (604) 689-1428
    (604) 681-4692 (FAX)