VANCOUVER, British Columbia – GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS) has announced the closing of an additional tranche of its non-brokered flow-through financing. The company issued 4,589,510 flow-through common shares at a price of $0.265 per share, generating gross proceeds of $1,216,220. This brings the total aggregate flow-through proceeds to approximately $3.26 million.
Financing Details
The funds will support a planned 5,000+ metre exploration drill program at the company's Magno Project, subject to permitting. The Magno Project is known for its high-grade silver, zinc, lead, tungsten, and critical mineral mineralization. In addition to drilling, the company plans to conduct airborne geophysical surveys and refine targets across the district-scale property.
CEO Commentary
Rob Birmingham, President and CEO of GoldHaven, expressed satisfaction with the completion of the financing. “We are very pleased to complete this financing, which further strengthens GoldHaven’s treasury as we continue advancing the Magno Project,” he said. “Magno continues to demonstrate significant potential as a district-scale polymetallic and critical minerals system, with strong silver-lead-zinc mineralization alongside emerging tungsten and indium upside.”
Flow-Through Offering Terms
Under the offering, the company issued 4,589,510 FT Shares at $0.265 each. Following this issuance, GoldHaven has 62,897,172 common shares outstanding. In connection with the closing, the company paid cash finder’s fees totaling $83,813 and issued 303,766 non-transferable finder warrants. Each warrant entitles the holder to purchase one common share at $0.35 for 24 months from issuance. All securities are subject to a statutory hold period expiring September 15, 2026.
Use of Proceeds
The gross proceeds will be used to incur eligible Canadian exploration expenses qualifying as “flow-through mining expenditures” under the Income Tax Act (Canada). These expenditures will be renounced to subscribers effective December 31, 2026. Funds will support ongoing advancement of the Magno Project, including:
- Drill targeting and exploration planning
- Airborne geophysical surveys
- Geological mapping and sampling
- 3D geological and structural modelling
- Follow-up work on high-grade silver and tungsten targets
GoldHaven continues to advance its exploration initiatives, with the Magno Project showing significant promise for polymetallic and critical mineral discoveries.
