Rockhaven Resources Ltd.

TSX VENTURE : RK


Rockhaven Resources Ltd.

February 25, 2014 09:00 ET

Rockhaven Resources Ltd. Announces $3,000,000 Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 25, 2014) -

NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES

Rockhaven Resources Ltd. (TSX VENTURE:RK) ("Rockhaven") announces a private placement of up to $3,000,000. The placement will include the sale of up to 15,000,000 flow-through units and 2,000,000 non-flow-through units.

Each flow-through unit will be sold at a price of $0.18 and will consist of one flow-through common share and one-half (1/2) of a non-flow-through share purchase warrant. Each non-flow-through unit will be sold at a price of $0.15 and will consist of one non-flow-through common share and one-half (1/2) of a non-flow-through share purchase warrant. All whole warrants will entitle the holder to purchase one additional non-flow-through common share at a price of $0.30 for a period of 12 months from the closing of the placement.

Strategic Metals Ltd. ("Strategic"), Rockhaven's largest shareholder, will purchase 5,300,000 flow-through units as part of the private placement. Assuming all 17,000,000 units being offered are sold, on the completion of the private placement, Strategic would hold 24,462,500 Rockhaven shares, maintaining its current 31.1% interest in the Rockhaven issued share capital. Insiders of Rockhaven will also participate in the placement in an amount greater than 11% of the total offering.

The proceeds from the sale of the flow-through units will be used to finance additional exploration at Rockhaven's 100% owned Klaza gold-silver property, located in the Dawson Gold Belt of southwestern Yukon. Proceeds for the sale of the non-flow-through units will be used as general working capital.

Closing of the private placement is subject to TSX Venture Exchange acceptance. Securities issued under the private placement will be subject to a hold period which will expire 4 months and one day from the date of closing. Finder's fees may be payable on a portion of the financing.

About Rockhaven Resources Ltd.

Rockhaven Resources Ltd. is a well-managed gold-silver exploration company focused on growth through advancing its quality portfolio of wholly-owned projects. For additional information concerning Rockhaven or its various exploration projects please visit Rockhaven's website at www.rockhavenresources.com.

NEITHER THE TSX VENTURE EXCHANGE 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.

The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for the sale of securities, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by mean of a prospectus containing detailed information about the company and management, as well as financial statements.

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