NCE Diversified Flow-Through (07-2) Limited Partnership

December 17, 2007 16:30 ET

NCE Diversified Flow-Through (07-2) Limited Partnership Issues Early Warning Report Re: Rockhaven Resources Ltd.

TORONTO, ONTARIO--(Marketwire - Dec. 17, 2007) - NCE Diversified Flow-Through (07-2) Limited Partnership ("NCE"), announces that it has acquired (the "Acquisition") beneficial ownership and control of 2,000,000 common shares (each, a "Common Share") in the capital of Rockhaven Resources Ltd. ("Rockhaven") and 1,000,000 common share purchase warrants of Rockhaven (each, a "Warrant"). In accordance with the terms of the Acquisition, NCE acquired Units of Rockhaven at a price of $0.60 per Unit. Each Unit is comprised of one Common Share and one half Warrant.

The Acquisition was made by way of a private placement pursuant to a subscription agreement entered into by NCE and Rockhaven on November 29, 2007. Each Warrant entitles the holder to purchase one Common Share at $0.80 until December 13, 2009. These Common Shares represent approximately 18.02% of the outstanding Common Shares. These Common Shares, together with the Common Shares issuable upon the exercise of all such Warrants, represent approximately 24.79% of the Common Shares outstanding after giving effect to the exercise of such Warrants.

The Acquisition was made for investment purposes and NCE may increase or decrease its investments in Rockhaven depending on market conditions or any other relevant factors.

More information

To obtain a copy of the early warning report regarding the Acquisition filed by NCE with the securities regulatory authorities, please contact Ryan Caughey, Corporate Secretary, at 130 King Street West, Suite 2850, Toronto, Ontario, M5X 1A4 or 416-861-8729. A copy of the early warning report may also be accessed on SEDAR at www.sedar.com.

This news release may contain forward-looking statements that involve risks and uncertainties. These statements relate to anticipated future events, results, circumstances, performance or expectations that are not historical facts but instead represent NCE's beliefs regarding future events. There can be no assurance that the plans, intentions or expectations upon which these forward-looking statements are based will occur. Often, but not always, forward-looking statements can be identified by the use of forward-looking words such as "will", "expect", "intend", "plan", "estimate", "anticipate", "believe" or "continue", similar words or the negative thereof. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations, including, but not limited to the increasing or decreasing of NCE's investment in Rockhaven. Additional, important factors that could cause actual results to differ materially from expectations include, among other things, market factors. NCE cautions that undue reliance should not be placed on forward-looking statements as events and results could differ materially from those expressed or implied by forward-looking statements made by NCE. Unless otherwise stated, all forward looking statements speak only as of the date of this news release. NCE does not undertake, and specifically disclaims, any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.



The Exchange Tower
130 King Street West
Suite 2850, P.O. Box 104
Toronto, Ontario M5X 1A4

Contact Information

  • NCE Diversified Flow-Through (07-2) Limited Partnership
    Ryan Caughey
    Corporate Secretary
    (416) 861-8729
    (416) 364-5615 (FAX)