VANCOUVER, British Columbia – GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS) has successfully closed the final tranche of its non-brokered flow-through financing, raising total gross proceeds exceeding $2,000,000. The oversubscribed offering underscores strong investor confidence in the company's strategic focus on high-grade tungsten and silver mineralization at its Magno project.
Financing Details
The final tranche involved the issuance of 1,207,700 flow-through shares at a price of $0.265 per share, generating gross proceeds of $320,040. Combined with earlier tranches, the company issued a total of 7,690,117 flow-through shares, raising aggregate gross proceeds of $2,037,881. The offering was oversubscribed, surpassing the initial $2 million target.
In connection with the final tranche, GoldHaven paid cash finder's fees totaling $21,002 and issued 79,254 non-transferable finder warrants to an eligible arm's-length finder. Each finder warrant entitles the holder to purchase one common share at C$0.35 per share for a period of 24 months from the date of issuance.
CEO Commentary
Rob Birmingham, President and CEO of GoldHaven, expressed satisfaction with the financing outcome. “We are very pleased to successfully close this oversubscribed financing, which provides GoldHaven with a strong treasury to execute a fully funded and highly targeted 2026 drill program at Magno,” he stated. “With multiple high-priority targets defined across Magno, Kuhn, and the D-Zone, including significant tungsten mineralization with values up to 6,550 ppm, we believe the upcoming drill program is well positioned to unlock the scale of this district-wide polymetallic system.”
Use of Proceeds
Proceeds from the flow-through offering will be used to incur eligible Canadian exploration expenses that qualify as flow-through mining expenditures under the Income Tax Act (Canada). These expenditures will be renounced to subscribers. Funds will primarily advance the Magno project through:
- A 2026 diamond drilling program targeting high-grade Ag-Pb-Zn CRD zones at Magno and D-Zone
- Follow-up drilling of tungsten-skarn mineralization at Kuhn and Dead Goat, where values up to 6,550 ppm W have been identified
- Airborne geophysical surveys to refine structural controls and intrusive targets
- 3D geological and metal zonation modelling to vector toward higher-grade zones
- Systematic follow-up of high-grade surface and historical drill results, including multiple samples exceeding 100 g/t Ag
The company's Magno project, located in British Columbia, hosts significant tungsten mineralization alongside high-grade silver values up to 2,370 g/t Ag. The fully funded drill program positions GoldHaven to systematically evaluate the district-wide polymetallic system and potentially unlock substantial value for shareholders.
