ROCKHAVEN RESOURCES LTD. ("RK")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 4, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the second tranche of a Non-Brokered Private Placement announced May 18, 2016:
Number of Shares: 2,755,000 flow through shares and 1,031,000 non-flow through shares
Purchase Price: $0.20 per flow through share and $0.17 per non-flow through share
Warrants: 1,893,000 share purchase warrants to purchase 1,893,000 shares, subject to an accelerated expiry provision in the event the Company's shares is equal to or greater than $0.35 for a period of 10 consecutive trading days.
Warrant Exercise Price: $0.25 for an eighteen month period
Number of Placees: 46 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Aggregate Pro Group Involvement P 716,250FT; 150,000NFT
[10 Placees]
Finder's Fee: Haywood Securities Inc. - $4,340.00 and 22,750 Broker Warrants that are exercisable into common shares at $0.25 per share for an 18 month period and subject to the accelerated exercise provision.
Canaccord Genuity Corp. - $15,527.40 and 83,895 Broker Warrants that are exercisable into common shares at $0.25 per share for an 18 month period and subject to the accelerated exercise provision.
Raymond James Ltd. - $8,750.00 and 43,750 Broker Warrants that are exercisable into common shares at $0.25 per share for an 18 month period and subject to the accelerated exercise provision.
Odlum Brown Limited - $7,210.00 and 36,050 Broker Warrants that are exercisable into common shares at $0.25 per share for an 18 month period and subject to the accelerated exercise provision.
TD Wealth - $700.00
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company issued a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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