Northaven Announces Private Placement
March 12 2014 - 5:31PM
Marketwired
Northaven Announces Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 12, 2014) -
NORTHAVEN RESOURCES CORP. (TSX-VENTURE:NTV) announced today it has
arranged a private placement for gross proceeds of up to
$1,000,000.00 CDN (the "Placement"). The Placement will be in the
form of up to 15,000,000 common shares offered at $0.05 per share
($750,000 in gross proceeds) and up to 4,166,667 flow-through
common shares offered at a price of $0.06 per share ($250,000 in
gross proceeds).
The net proceeds of the flow-through portion of the Private
Placement will be used to cover expenditures on the Company's
properties in British Columbia qualifying as "Canadian Exploration
Expense". The net proceeds of the non-flow-through portion of the
placement after paying transaction costs will be used for payment
of indebtedness and working capital.
The Placement is subject to acceptance for filing by the TSX
Venture Exchange and completion of closing procedures.
On behalf of the Board of Directors of NORTHAVEN RESOURCES
CORP.
Allen D. Leschert, CEO
Neither the TSX Venture Exchange nor its Regulation Service
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release. This news release may contain
assumptions, estimates, and other forward-looking statements
regarding future events. Such forward-looking statements involve
inherent risks and uncertainties and are subject to certain
factors, many of which are beyond Northaven's control, which may
cause actual results or performance to differ materially from those
currently anticipated in such statements.
For further information, please visit Northaven's website at
http://www.northavenresources.com/.
Northaven Resources Corp.Malcolm FraserPresident604
696-3608malcolm@northavenresources.comNorthaven Resources
Corp.Allen LeschertCEO604
696-3600allen@northavenresources.comwww.northavenresources.com
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