Business
GoldHaven Resources Closes Non-Brokered Private Placement
VANCOUVER, BC, Dec. 22, 2022 /CNW/ - GoldHaven Resources Corp. ("GoldHaven" or the "Company") (CSE: GOH) reports that pursuant to their news release dated Novem
About this update from Goldhaven Resources Corp
[{"type":"text","content":" VANCOUVER, BC, Dec. 22, 2022 /CNW/ - GoldHaven Resources Corp. (\"GoldHaven\" or the \"Company\") (CSE: GOH) reports that pursuant to their news release dated November 16, 2022, they have closed the non-brokered Private Placement through the issuance of 1,337,500 units for gross proceeds of $107,000 (the \"Offering\"). Each unit consisted of one common share of the Company and one common share purchase warrant entitling the holder to purchase an additional common share of the Company at a price of $0.12 per share (the \"Warrants\") for a period of 24 months from the closing of the Offering. The expiry of the Warrants may be accelerated if the closing price of the Corporation's common shares on the Canadian Securities Exchange is equal to or greater than $0.35 for a minimum of ten consecutive trading days and a notice of acceleration is provided in accordance with the terms of the Warrants. In connection with the Offering, Justin Canivet, CEO and Sead Hamzagic, CFO, through his company, Sead Hamzagic Inc., of the Company participated as to an aggregate $20,000.00. These transactions constituted a \"related party transaction\" as such term is defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (\"MI 61-101\"). The Company is relying on the exemptions from the formal valuation and minority approval requirements under MI 61- 101. The Company is exempt from the formal valuation and minority approval requirements of MI 61-101 in reliance on sections 5.5(a) and 5.7(1)(a) of MI 61-101 as the fair market value of the transaction, insofar as it involves interested parties, is not more than the 25% of the Company's market capitalization.\" Finder's fees were paid to Canaccord Genuity Corp. ($560.00 and 7,000 finders warrants) and Haywood Securities Inc. ($1,400.00 and 17,500 finder's warrants). All securities issued in connection with the Offering have a four-month and one day hold period in Canada expiring on April 23, 2023. Net proceeds of the Offering will be used for general working capital. None of the foregoing securities have been or will be registered under the United States Securities Act of 1933, as amended (the \"1933 Act\") or any applicable state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. pe...