Westhaven $200k financing fully subscribed 2013-05-16 10:26 PT - News Release
Mr. Gareth Thomas reports
WESTHAVEN $200,000 NON-BROKERED PRIVATE PLACEMENT FULLY SUBSCRIBED
Westhaven Ventures Inc.'s previously announced non-brokered private placement of two million units at 10 cents for gross proceeds of $200,000 is fully subscribed and the company is processing documentation for immediate closing of the placement. No warrants were issued with this placement.
The net proceeds from the sale of shares will be used to finance the upcoming drill program on the Shovelnose gold property and general working capital.
The company may pay a cash finder's fee to certain finders of up to 8 per cent of the aggregate gross proceeds of the private placement. All securities issued pursuant to the private placement will be subject to a four-month hold period from the date of issuance. Completion of the private placement is subject to TSX Venture Exchange approval.