VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 23, 2017) - Rockhaven Resources Ltd. (TSX VENTURE:RK) ("Rockhaven") announces a non-brokered private placement (the "Offering") of up to C$4,160,000. The Offering will include the sale of up to 10,000,000 flow-through shares at a price of $0.20 per share and 12,000,000 non-flow-through shares at a price of $0.18 per share. Coeur Mining, Inc. (NYSE:CDE) has subscribed for C$2 million of the non-flow-through shares.
"We look forward to working with Coeur Mining and its technical team to continue to advance the Klaza project," commented Matt Turner, President and CEO of Rockhaven. "We anticipate an aggressive 2017 exploration program with the details to be announced following the closing of the Offering."
All shares issued as part of the Offering will be subject to a hold period of four months plus one day from the date of closing. Finder's fees will be paid on a portion of the Offering and will include 7% cash and 7% finder's warrants. Each finder's warrant will allow the finder to purchase one additional Rockhaven share at $0.20 for a period of one year from the date of closing. The Offering is subject to TSX Venture Exchange acceptance.
About Rockhaven
Rockhaven Resources Ltd. is a mineral exploration company focused on growth through the advancement of its Klaza project. For additional information concerning Rockhaven or its Klaza project please visit Rockhaven's website at www.rockhavenresources.com.
About Coeur
Coeur Mining is a well-diversified, growing precious metals producer with five precious metals mines in the Americas employing approximately 2,000 people. Coeur produces from its wholly owned operations: the Palmarejo silver-gold complex in Mexico, the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska, the Wharf gold mine in South Dakota, and the San Bartolomé silver mine in Bolivia. The Company also has a non-operating interest in the Endeavor mine in Australia. In addition, the Company owns the La Preciosa project in Mexico, a silver-gold exploration stage project. Coeur conducts exploration activities in North and South America.
