To: Goose94 who wrote (7780 ) 7/14/2014 1:52:36 PM From: Goose94 Read Replies (1) | Respond to Westhaven Ventures (WHN-V) July 14, '14 closes final tranche of oversubscribed PPWesthaven Ventures is pleased to announce it has closed the final tranche of its non-brokered private placement (the “Private Placement ”) previously disclosed by the Company on June 23rd, 2014. The final tranche raised gross proceeds of $109,800. The Company issued 260,000 share units of the Company (the "Share Units ") with each Share Unit consisting of one common share (a "Share ") and one common share purchase warrant (a "Warrant "), at a purchase price of $0.10 per Share Unit. Each Warrant is exercisable into Shares at a price of $0.15 per Share, expiring in two years from the date of issue. In addition, the Company issued 644,615 flow-through-share units (the "FT-Share Units "), each FT-Share Unit consisting of one flow-through common share (a "FT -Share ") and one non-flow-through common share purchase warrant (a "NFT-Warrant "), at a purchase price of $0.13 per FT-Share Unit. Each NFT-Warrant is exercisable into Shares at a price of $0.18 per Share, expiring in two years from the date of issue. In connection with this Private Placement, the Company paid finder's fees of $1,736. The securities issued in connection with this financing are subject to a hold period of four months and one day from the date of issue and shall not trade before November 12, 2014. Share Units and 2,344,615 FT-Share Units for gross proceeds of $424,800 and paid $10,616 in finder’s fees. Insiders subscribed to a portion of the private placement. The private placement is subject to final approval by the TSX Venture Exchange. The net proceeds from the private placement will be used for working capital and advancing exploration on the Shovelnose, Ben and Ben South projects.WESTHAVEN VENTURES INC. "Shaun Pollard"
