GoldHaven Resources Secures Funding for Exploration Plans

GoldHaven Closes Successful Financing Round

GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) has recently completed a significant financing initiative, having successfully closed a non-brokered private placement. Through this strategic move, GoldHaven has managed to issue a total of 6,141,303 units, priced at $0.25 each, culminating in gross proceeds of approximately $1,535,325. Each unit is valued for its intrinsic add-on value, consisting of common shares and purchase warrants.

Details of the Offering

Each unit in this offering encompasses one common share and a common share purchase warrant which affords investors the opportunity to acquire additional shares within a designated timeframe. Specifically, the warrants allow for the acquisition of one common share at a price of $0.50 over a period lasting 24 months following their issuance. This structure not only enhances investor interest but also demonstrates GoldHaven's commitment to expanding its shareholder base.

Insider Participation Boosts Confidence

Notably, the offering attracted insider participants, including Bonn Smith, the CEO, who subscribed for 360,000 units, while CFO Sead Hamzagic purchased 400,000 units. The interest from insiders is often viewed positively by the market, as it reflects the confidence that those directly involved with the company have in its future prospects. This participation is categorized as a related party transaction under Multilateral Instrument 61-101, but it successfully meets the exemption criteria as the issuance does not surpass 25% of the market capitalization of the company.

Use of Proceeds

The net proceeds from the private placement are earmarked for various purposes, including enhancing exploration activities, covering administrative expenses, and ensuring robust working capital for future endeavors. This multifaceted financial approach underlines GoldHaven's strategic planning for sustainable growth and advancement within its operational territories.

Exploration Plans Across Promising Projects

GoldHaven Resources Corp. is not just about financing; it has a strong focus on project development. The company is dedicated to exploring and acquiring lucrative land packages throughout North and South America. Its flagship project, the Magno Project, is of particular interest, as it boasts a polymetallic property located adjacent to the historically significant Cassiar mining district. Together with the Three Guardsman Project, which shows promise for copper and gold mineralization, GoldHaven is strategically positioned to tap into significant resources.

Noteworthy Projects in Brazil

Additionally, GoldHaven is advancing its Copeçal Gold Project in Brazil, a site that is drill-ready and has demonstrated encouraging gold anomalies across a 6km stretch. Along with these, the company holds three critical mineral projects in Brazil, with extensive exploration areas totaling 123,900 hectares. These initiatives position GoldHaven as a formidable player in the resource sector, ripe for extraordinary discovery and development.

Company Leadership and Future Directions

At the helm of GoldHaven is CEO Bonn Smith, whose leadership is pivotal as the company navigates through its ambitious agenda. The board of directors emphasizes a rigorous and systematic approach to exploration, ensuring that every undertaking is guided by thorough research and strategic foresight. This results-oriented mindset is essential for driving value for shareholders and securing the company’s future viability in a competitive market.

Contact Information

For those interested in more information about GoldHaven Resources, they are encouraged to reach out to CEO Bonn Smith directly. You can contact him through the office number (604) 629-8254 or visit their official website at www.GoldHavenresources.com for insights into ongoing projects and corporate developments.

Frequently Asked Questions

What is the recent financing round that GoldHaven completed?

GoldHaven recently closed a non-brokered private placement, raising approximately $1,535,325 by issuing 6,141,303 units at a price of $0.25 each.

What will the proceeds from the private placement be used for?

The funds will be allocated towards exploration costs, administrative expenses, and maintaining general working capital for GoldHaven's operations.

Who are some key insiders that participated in the financing?

Bonn Smith, the CEO, purchased 360,000 units, and CFO Sead Hamzagic acquired 400,000 units, showing strong insider support for the company's growth.

What projects does GoldHaven focus on?

GoldHaven is primarily focused on exploring land packages in the Americas, including notable projects such as Magno, Copeçal, and the Three Guardsman project.

How can I get more information about GoldHaven?

For additional information, you can contact Bonn Smith, the CEO, at (604) 629-8254 or visit their official website for updates.

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