Westhaven Gold Corp V.WHN

Alternate Symbol(s): WTHVF

Metals & Mining Gold

Westhaven Gold Corp. is a Canada-based gold-focused exploration company advancing the high-grade discovery on the Shovelnose project in Canada's newest gold district, the Spences Bridge Gold Belt. The Company controls approximately 60,950 hectares with four gold properties spread along this underexplored belt. Its projects include Shovelnose Gold, Prospect Valley Gold, Skoonka Creek Gold and Skoonka North. The Shovelnose gold property consists of approximately 45 contiguous mineral claims encompassing 41,623 hectares (ha). The Prospect Valley (PV) Gold Property is located roughly 30 kilometers to the west of Merritt, British Columbia and is situated in the Spences Bridge Gold Belt (SBGB) and covers approximately 10,927 ha. The Company owns a 100% interest in the Skoonka Creek project, which is situated near the northern end of the SBGB. The Skoonka North Property consists of three contiguous mineral claims encompassing approximately 6,167 hectares wholly owned by the Company.

TSXV:WHN - Post by User

Westhaven Gold Corp

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Post by rtlc427480on Sep 26, 2016 10:35am

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Post# 25277830

News-First Tranche Of Non-Brokered Private Placement Closed

And more conitnued insider buying:

https://www.canadianinsider.com/company?menu_tickersearch=WHN%20%7C%20Westhaven%20Ventures

Vancouver, B.C. - September 21, 2016 - Westhaven Ventures Inc. (TSX-V:WHN) is pleased to announce that it has closed the first tranche of its non-brokered private placement previously disclosed on September 9, 2016. This tranche raised gross proceeds of $463,200 through the issuance of 3,860,000 share units at a price of $0.12 per unit.

Each unit consists of one common share and one non-transferable share purchase warrant. Each warrant will entitle the holder to acquire an additional common share at a price of $0.16 for a period of 24 months from the closing date of the private placement. All securities issued pursuant to the private placement are subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation. Shares issued will become free trading on January 21, 2017. An insider purchased 416, 667 units of this private placement. The Company paid finder´s fees of $19,600 in connection with this private placement.

The net proceeds from the sale of units will be used to fund exploration at both the Prospect Valley gold and Shovelnose gold projects, and working capital.

On behalf of the Board of Directors
WESTHAVEN VENTURES INC.

"Shaun Pollard"

Shaun Pollard, CFO & Director

About WesthavenVentures Inc.

Westhaven Ventures Inc. is a Canadian based exploration company focused on the acquisition and exploration of prospective resource properties. Westhaven is focused on advancing its Shovelnose gold and Prospect Valley gold projects in British Columbia. Westhaven trades on the TSX Venture Exchange under the ticker symbol WHN.

For further information, please contact Shaun Pollard at 604-681-5521 or visit Westhaven´s website at www.westhavenventures.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.