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FINWIRES

GoldHaven Resources Raises $5.75 Million Via LIFE Financing to Advance Magno and Copecal Projects

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GoldHaven Resources (GOH.CN) completed a non-brokered private placement for $5.8 million from the sale of 23-million units at $0.25 apiece under the LIFE Exemption, it said on Tuesday.

Each unit consists of one common share and one-half of one common share purchase warrant. Each warrant is exercisable to buy a share for $0.35 per warrant share starting on the 62nd day after the date of issuance until the date that is two years from the date of issuance.

Proceeds from the LIFE offering will be used for the advancement of its Magno project in British Columbia, for continued diamond drilling, follow-up drilling, and target advancement at the Copecal Gold project in Mato Grosso, Brazil, and for general working capital needs.

Shares of the company closed down 8% to $0.23 on Monday on the Canadian Securities Exchange.

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