Vancouver, B.C. - April 15th, 2014 - Westhaven Ventures Inc. (TSX-V:WHN) is pleased to announce that it intends to complete a non-brokered private placement of up to 850,000 flow-through Units (the “Units”). The Units are being offered at a price of $0.10 per unit. Each FT Unit will consist of one flow-through common share and one non-transferable, non flow-through warrant (the “NFT Warrant”). Each NFT Warrant will entitle the holder to purchase one non flow-through common share at a price of $0.15 for a period of 24 months from the closing date of the private placement. The transaction is subject to regulatory approval.
The net proceeds from the sale of Units will be used to fund exploration programs for the Shovelnose, Ben and Mona properties. The private placement is fully subscribed, no finder's fees are payable and insider's are participating for a portion of the placement.
Westhaven, pursuant to its incentive stock option plan, has granted 365,000 stock options to directors and consultants of the company. The stock options are exercisable into common shares at a price of $0.15 per common share for a term of five years from the date of grant and are subject to regulatory approval.
On behalf of the Board of Directors
WESTHAVEN VENTURES INC.
Gareth Thomas, Director
About Westhaven Ventures 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 BEN projects in British Columbia. Westhaven trades on the TSX Venture Exchange under the ticker symbol WHN. For further information, please call 604-681-5558 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.