-- GoldHaven Resources (GOH.CN) is raising C$5 million in an offering priced at $0.25 per unit to advance its Magno project in British Columbia and Copecal project in Brazil, the company said Thursday.
The company will also use the funds for general corporate purposes.
Under the offering, each unit will consist of one share and one-half of a warrant. Each warrant can be exercised at $0.35 per share for 24 months.
The offering is expected to fully fund GoldHaven's 10,000-meter drill program at Magno in 2026. It is also advancing drill targets at Copecal.
"We believe this dual-track approach provides shareholders with near-term discovery potential and longer-term growth across two highly prospective districts," Chief Executive Officer Rob Birmingham said.
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