Westhaven Closes Oversubscribed Non-Brokered Private Placeme Westhaven Closes Oversubscribed Non-Brokered Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 26, 2017) -Westhaven Ventures Inc. (TSX VENTURE:WHN) is pleased to announce that it has closed the final tranche of its non-brokered private placement previously announced on October 4, 2017.
This second and final tranche raised gross proceeds of $52,000 through the issuance of 650,000 non-flow-through (NFT) share units. Shares issued will become free trading on February 26, 2018. In this final tranche, there were no finder's fees paid. In addition, an insider subscribed to 100,000 NFT share units.
Together with the first tranche of the private placement closed and announced on October 17, 2017 the Company raised gross proceeds of $614,000 via the issuance of 6,112,500 NFT shares units and 1,136,363 flow-through (FT) share units.
The NFT Units were offered at a price of $0.08 per unit. Each Unit will consist of one com
WESTHAVEN VENTURES INC.
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, Prospect Valley and Skoonka gold projects in British Columbia. Westhaven trades on the TSX Venture Exchange under the ticker symbol WHN.