
GoldHaven Resources arranged a flow-through financing of up to $2M at C$0.265 per share to fund its maiden drill program at the Magno Project in British Columbia.
GoldHaven Resources Corp. arranged a flow-through non-brokered financing for gross proceeds of up to $2 million, the company said Aug. 24. The offering consists of flow-through common shares priced at C$0.265 per share, with no warrants attached.
The financing, together with earlier flow-through rounds completed in 2026, will support GoldHaven's maiden drill program at its flagship Magno Project in the Cassiar District of northern British Columbia. The shares qualify as "critical mineral flow-through shares" under the Income Tax Act (Canada), allowing investors to deduct the exploration expenses. GoldHaven intends to renounce the expenses to subscribers by Dec. 31, 2026.
The company may pay finder's fees in connection with the offering, subject to securities laws and exchange policies. Closing is subject to customary conditions and regulatory approvals. All securities issued will be subject to a statutory hold period of four months and one day. GoldHaven cautioned that there is no assurance the full $2 million will be raised or that the closing will occur on the expected timeline.
GoldHaven is a Canadian junior exploration company focused on advancing projects in North and South America. Its flagship asset is the district-scale Magno Project in the Cassiar District of northern British Columbia. The company also holds the Three Guardsmen copper-gold project in British Columbia and the Copeçal Gold Project in Mato Grosso, Brazil. It has a portfolio of critical mineral projects in Brazil.
The Magno drill program is the immediate catalyst. GoldHaven has not specified a start date but said the financing puts the program in motion. The company's shares trade on the CSE under GOH, on the OTCQB under GHVNF, and on the Frankfurt exchange under 4QS.
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