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
Cloud Expo | DXWorld Expo have announced the conference tracks for Cloud Expo 2018. Cloud Expo will be held June 5-7, 2018, at the Javits Center in New York City, and November 6-8, 2018, at the Santa Clara Convention Center, Santa Clara, CA. Digital Transformation (DX) is a major focus with the introduction of DX Expo within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive ov...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
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 ...
Continuous Delivery makes it possible to exploit findings of cognitive psychology and neuroscience to increase the productivity and happiness of our teams. In his session at 22nd Cloud Expo | DXWorld Expo, Daniel Jones, CTO of EngineerBetter, will answer: How can we improve willpower and decrease technical debt? Is the present bias real? How can we turn it to our advantage? Can you increase a team’s effective IQ? How do DevOps & Product Teams increase empathy, and what impact does empath...
DevOps promotes continuous improvement through a culture of collaboration. But in real terms, how do you: Integrate activities across diverse teams and services? Make objective decisions with system-wide visibility? Use feedback loops to enable learning and improvement? With technology insights and real-world examples, in his general session at @DevOpsSummit, at 21st Cloud Expo, Andi Mann, Chief Technology Advocate at Splunk, explored how leading organizations use data-driven DevOps to close th...
As many know, the first generation of Cloud Management Platform (CMP) solutions were designed for managing virtual infrastructure (IaaS) and traditional applications. But that's no longer enough to satisfy evolving and complex business requirements. In his session at 21st Cloud Expo, Scott Davis, Embotics CTO, explored how next-generation CMPs ensure organizations can manage cloud-native and microservice-based application architectures, while also facilitating agile DevOps methodology. He expla...
Smart cities have the potential to change our lives at so many levels for citizens: less pollution, reduced parking obstacles, better health, education and more energy savings. Real-time data streaming and the Internet of Things (IoT) possess the power to turn this vision into a reality. However, most organizations today are building their data infrastructure to focus solely on addressing immediate business needs vs. a platform capable of quickly adapting emerging technologies to address future ...
Most technology leaders, contemporary and from the hardware era, are reshaping their businesses to do software. They hope to capture value from emerging technologies such as IoT, SDN, and AI. Ultimately, irrespective of the vertical, it is about deriving value from independent software applications participating in an ecosystem as one comprehensive solution. In his session at @ThingsExpo, Kausik Sridhar, founder and CTO of Pulzze Systems, discussed how given the magnitude of today's application ...
With tough new regulations coming to Europe on data privacy in May 2018, Calligo will explain why in reality the effect is global and transforms how you consider critical data. EU GDPR fundamentally rewrites the rules for cloud, Big Data and IoT. In his session at 21st Cloud Expo, Adam Ryan, Vice President and General Manager EMEA at Calligo, examined the regulations and provided insight on how it affects technology, challenges the established rules and will usher in new levels of diligence arou...
There is a huge demand for responsive, real-time mobile and web experiences, but current architectural patterns do not easily accommodate applications that respond to events in real time. Common solutions using message queues or HTTP long-polling quickly lead to resiliency, scalability and development velocity challenges. In his session at 21st Cloud Expo, Ryland Degnan, a Senior Software Engineer on the Netflix Edge Platform team, will discuss how by leveraging a reactive stream-based protocol,...
Mobile device usage has increased exponentially during the past several years, as consumers rely on handhelds for everything from news and weather to banking and purchases. What can we expect in the next few years? The way in which we interact with our devices will fundamentally change, as businesses leverage Artificial Intelligence. We already see this taking shape as businesses leverage AI for cost savings and customer responsiveness. This trend will continue, as AI is used for more sophistica...
In his session at 21st Cloud Expo, Raju Shreewastava, founder of Big Data Trunk, provided a fun and simple way to introduce Machine Leaning to anyone and everyone. He solved a machine learning problem and demonstrated an easy way to be able to do machine learning without even coding. Raju Shreewastava is the founder of Big Data Trunk (www.BigDataTrunk.com), a Big Data Training and consulting firm with offices in the United States. He previously led the data warehouse/business intelligence and B...
In his general session at 21st Cloud Expo, Greg Dumas, Calligo’s Vice President and G.M. of US operations, discussed the new Global Data Protection Regulation and how Calligo can help business stay compliant in digitally globalized world. Greg Dumas is Calligo's Vice President and G.M. of US operations. Calligo is an established service provider that provides an innovative platform for trusted cloud solutions. Calligo’s customers are typically most concerned about GDPR compliance, application p...
Digital transformation is about embracing digital technologies into a company's culture to better connect with its customers, automate processes, create better tools, enter new markets, etc. Such a transformation requires continuous orchestration across teams and an environment based on open collaboration and daily experiments. In his session at 21st Cloud Expo, Alex Casalboni, Technical (Cloud) Evangelist at Cloud Academy, explored and discussed the most urgent unsolved challenges to achieve f...
"Digital transformation - what we knew about it in the past has been redefined. Automation is going to play such a huge role in that because the culture, the technology, and the business operations are being shifted now," stated Brian Boeggeman, VP of Alliances & Partnerships at Ayehu, 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.