VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 14, 2011) - Rockhaven Resources Ltd. (TSX VENTURE:RK) ("Rockhaven") announces that further to its April 12, 2011 news release, Mill City Gold Corp. ("Mill City") has received TSX Venture Exchange acceptance of the Mount Hinton property option agreement, under which Mill City can acquire a 100% interest in the property, located in the Keno Hill mining camp in central Yukon Territory.
Mill City can exercise the option by making staged payments totaling $5.16 million by December 31, 2014 and by issuing shares to Rockhaven equal in number to 19.9% of the outstanding Mill City share capital. Rockhaven will also retain a 2% net smelter return royalty interest in the property.
Rockhaven also announces that Matthew Turner, the current Chief Executive Officer was elected to the board of directors at the company's annual general meeting on June 7, 2011. All incumbent board members were re-elected at the meeting.
Rockhaven further announces the granting of incentive stock options to various directors, officers, employees and consultants, entitling them to purchase up to a total of 1,410,000 shares at a price of 1.20 cents per share for a period of five years. All of the options are subject to vesting provisions under which 25% of the options will vest every three months for the first year of the exercise period.
For additional information concerning Rockhaven Resources Ltd. or its Klaza gold-silver project please visit the Company's website at www.rockhavenresources.com.
CAUTIONARY NOTE: This news release includes certain "forward-looking statements". Other than statements of historical fact, all statements included in this release, including, without limitation, statements regarding future plans and objectives of Rockhaven are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from those expected by Rockhaven are those risks described herein and from time to time, in the filings made by Rockhaven with Canadian securities regulators. Those filings can be found on the Internet at https://www.sedar.com.
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.