Westhaven Announces Non-Brokered Private Placement
October 21. 2013 (Source: Westhaven Ventures Inc.) — Westhaven Ventures Inc. (TSX-V:WHN) is pleased to announce a non-brokered private placement of up to 2,500,000 flow-through Units (the “Units”). The Units are being offered at a price of $0.09 per unit. Each FT Unit will consist of one flow-through common share and one non-transferable, non flow-through warrant (the “NFT Warrant”). Each NFT Warrant will entitle the holder to purchase one non flow-through common share at a price of $0.14 for a period of 24 months from the closing date of the private placement. The Company may pay up to 8% in finder’s fees payable in cash in connection with part of this private placement offering. The transaction is subject to regulatory approval.
The net proceeds from the sale of Units will be used to fund drill programs for the Shovelnose and/or Ben gold exploration projects.
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On behalf of the Board of Directors
WESTHAVEN VENTURES INC.
Shaun Pollard, CFO & Director
About Westhaven Ventures Inc.
Westhaven Ventures Inc. is a Canadian based exploration company focused on the acquisition and exploration of prospective resource properties. Westhaven is focused on advancing its Shovelnose gold and BEN projects in British Columbia. Westhaven trades on the TSX Venture Exchange under the ticker symbol WHN.
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.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>