GoldHaven Announces Non-Brokered Private Placement - My Framer Site
Summary
Each Warrant will entitle its holder to purchase one common share in the capital of the Company (each, a Warrant Share) at a price of $0.50 per Warrant Share at any time prior to 24 months following the closing of the Offering.If the Corporations common shares have a closing price on the Canadian Securities Exchange at or above a price of $0.75 per common share for a period of 10 consecutive trading days, the Corporation may give notice by news release that expiration of the Warrants will be accelerated to 30 days from the date of providing such notice.Insiders may participate in the Offering and finders fees may be payable in connection with the Offering.All securities issued in connection with the Offering will have a four-month and one day hold period in Canada from the closing of the Offering.Net proceeds of the Offering will be used for exploration expenditures, administrative and general working capital.Insiders of the Company participating in the foregoing offering will constitute a related party transaction as defined under Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions (MI 61-101). None Located in the Juruena Belt, an extensive emerging magmatic arc domain comprising fertile high-K calc alkaline plutonic and felsic volcanic rocks. Three Critical Mineral projects with extensive tenement packages totalling 123,900 hectares: Bahia South, Bahia North and Iguatu projects located in Brazil.On Behalf of the Board of DirectorsBonn Smith, Chief Executive OfficerFor further information, please contact:Bonn Smith, CEOwww.GoldHavenresources.combsmith@goldhavenresources.comOffice Direct: (604) 629-8254The scientific and technical information regarding the Companys Brazil assets disclosed in this document have been reviewed and approved by Jonathan Victor Hill BSc Hons, FAUSIMM, a Qualified Person consistent with National Instrument 43-101 Standards of Disclosure for Mineral Projects.The scientific and technical information regarding the Companys Magno and Three Guardsmen properties disclosed in this document have been reviewed and approved by R.J. (Bob) Johnston, P.Geo from Engineers & Geoscientists British Columbia, a qualified person consistent with NI 43-101 Standards of Disclosure for Mineral Projects.Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE- Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.This news release contains forward-looking statements and forward-looking information (collectively, "forward looking statements") within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that there will be investor interest in future financings, market fundamentals will result in sustained precious metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future exploration and development of any future projects in a timely manner, the availability of financing on suitable terms for exploration and development of future projects and the Companys ability to comply with environmental, health and safety laws.The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, operating and technical difficulties in connection with mineral exploration and development activities, actual results of exploration activities, the estimation or realization of mineral reserves and mineral resources, the inability of the Company to obtain the necessary financing required to conduct its business and affairs, as currently contemplated, , the inability of the Company to enter into definitive agreements in respect of possible Letters of Intent, the timing and amount of estimated future production, the costs of production, capital expenditures, the costs and timing of the development of new deposits, requirements for additional capital, future prices of precious metals, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, lack of investor interest in future financings, accidents, labour disputes and other risks of the mining industry, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, changes in laws, regulations and policies affecting mining operations, title disputes, the inability of the Company to obtain any necessary permits, consents, approvals or authorizations, including by the Exchange, the timing and possible outcome of any pending litigation, environmental issues and liabilities, and risks related to joint venture operations, and other risks and uncertainties disclosed in the Companys latest interim Managements Discussion and Analysis and filed with certain securities commissions in Canada. All of the Companys Canadian public disclosure filings may be accessed via www.sedarplus.ca and readers are urged to review these materials.Readers are cautioned not to place undue reliance on forward-looking statements.