The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Rockhaven Resources Ltd. March 25 said it has closed a C$4.41-million private placement with its largest shareholder, Strategic Metals Ltd. The financing consisted of 21 million Rockhaven common shares at C21 cents each. Strategic Metals now holds 48.85 million Rockhaven shares, representing 46.6 percent of the 104.84 million shares of Rockhaven currently issued and outstanding. The proceeds from the private placement will be used to finance additional exploration at Rockhaven's Klaza gold-silver property in the Yukon Territory and as general working capital.
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Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.
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