Welcome!

News Feed Item

Rockhaven Resources Ltd. Announces Warrant Exercise and 9,000 m of Additional Drilling at Klaza Project, Yukon

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/30/14 -- Rockhaven Resources Ltd. (TSX VENTURE:RK) ("Rockhaven") is pleased to announce that 4,150,000 amended warrants have been exercised for proceeds of $1,245,000. A total of 8,833,333 shares purchase warrants were amended on July 24, 2014 (see July 25, 2014 news release).

"The exercise of the amended warrants demonstrates tremendous confidence in the project," stated Matt Turner, CEO of Rockhaven Resources. "The additional funds will allow Rockhaven to expand the scope of the 2014 work program and complete a substantial amount of additional drilling on an extremely cost effective basis".

Expanded 2014 Program

Using the proceeds from the exercise of the amended warrants, Rockhaven will increase its current drill program from 12,000 m to 21,000 m and will activate a third diamond drill that is already on the Klaza property. Since early June 2014, 9,800 m of diamond drilling has been completed in 56 holes at the Klaza property. The drill program is focused on high-grade sections of the BRX and Klaza Zones. Results from the first 25, 2014 drill holes are very encouraging and are consistent with previous years' widely spaced drill and trench results (see news releases dated July 15, 22 and 29, 2014).

Drilling and trenching at the road-accessible Klaza property since 2010 has identified nine main mineralized structural zones and numerous subsidiary structures within a 2,000 by 4,000 m corridor. Individually, the main zones range from 1 to 75 m in width and are continuously mineralized over strike lengths of 250 to 2,400 m. The zones have been traced over a cumulative strike length of 9,400 m and all remain open for expansion along strike and at depth.

The 2014 program is managed by Archer, Cathro & Associates (1981) Limited (Archer Cathro). Technical information in this news release has been approved by Matthew R. Dumala, P.Eng., a geological engineer with Archer Cathro and qualified person for the purpose of National Instrument 43-101.

Exercise of Warrants

The 4,150,000 amended warrants noted above were exercised by two Rockhaven insiders. Strategic Metals Ltd. ("Strategic"), Rockhaven's largest shareholder, has acquired an additional 2,915,000 shares through the exercise of 2,650,000 amended warrants. Strategic now holds 27,377,500 Rockhaven shares, representing 32.68% of the 83,783,334 currently issued shares.

ECEE Money Limited has acquired an additional 1,650,000 shares through the exercise of 1,500,000 amended warrants. ECEE Money Limited is a private company controlled by W. Douglas Eaton, the President and Chief Executive Officer of Strategic. Mr. Eaton now holds, directly and indirectly, 11,452,500 Rockhaven shares, representing 13.67% of the 83,783,334 currently issued shares. In addition, Mr. Eaton holds incentive stock options entitling him to purchase up to an additional 100,000 shares of Rockhaven as follows: 25,000 shares exercisable at $1.20 per share until June 14, 2016, and 75,000 shares exercisable at $0.25 per share until December 7, 2017.

There are no persons acting jointly or in concert with Mr. Eaton with respect of his shareholdings in Rockhaven, nor has he entered into any agreements in respect of his shareholdings in Rockhaven with any person or persons.

This news release is being issued pursuant to Multilateral Instrument 62-103, which also requires a report to be filed by Mr. Eaton with each of the British Columbia, Alberta and Ontario Securities Commissions containing information with respect to his securityholdings in Rockhaven (Early Warning Report).

Rockhaven Resources Ltd. is a well-funded company focused on growth through exploration of its wholly-owned projects. For additional information concerning Rockhaven Resources Ltd. or its various exploration projects please visit Rockhaven's website at www.rockhavenresources.com.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contacts:
Rockhaven Resources Ltd.
Matthew Turner
CEO and Director
604-688-2568
[email protected]
www.rockhavenresources.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Conference Guru has been named “Media Sponsor” of the 22nd International Cloud Expo, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organizers to pass great deals to gre...
DevOps is under attack because developers don’t want to mess with infrastructure. They will happily own their code into production, but want to use platforms instead of raw automation. That’s changing the landscape that we understand as DevOps with both architecture concepts (CloudNative) and process redefinition (SRE). Rob Hirschfeld’s recent work in Kubernetes operations has led to the conclusion that containers and related platforms have changed the way we should be thinking about DevOps and...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develop...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
The next XaaS is CICDaaS. Why? Because CICD saves developers a huge amount of time. CD is an especially great option for projects that require multiple and frequent contributions to be integrated. But… securing CICD best practices is an emerging, essential, yet little understood practice for DevOps teams and their Cloud Service Providers. The only way to get CICD to work in a highly secure environment takes collaboration, patience and persistence. Building CICD in the cloud requires rigorous ar...
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
"Evatronix provides design services to companies that need to integrate the IoT technology in their products but they don't necessarily have the expertise, knowledge and design team to do so," explained Adam Morawiec, VP of Business Development at Evatronix, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. In his session at @BigDataExpo, Jack Norris, Senior Vice President, Data and Applications at MapR Technologies, reviewed best practices to ...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
"ZeroStack is a startup in Silicon Valley. We're solving a very interesting problem around bringing public cloud convenience with private cloud control for enterprises and mid-size companies," explained Kamesh Pemmaraju, VP of Product Management at ZeroStack, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Large industrial manufacturing organizations are adopting the agile principles of cloud software companies. The industrial manufacturing development process has not scaled over time. Now that design CAD teams are geographically distributed, centralizing their work is key. With large multi-gigabyte projects, outdated tools have stifled industrial team agility, time-to-market milestones, and impacted P&L stakeholders.
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...
"Infoblox does DNS, DHCP and IP address management for not only enterprise networks but cloud networks as well. Customers are looking for a single platform that can extend not only in their private enterprise environment but private cloud, public cloud, tracking all the IP space and everything that is going on in that environment," explained Steve Salo, Principal Systems Engineer at Infoblox, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventio...