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Westhaven Ventures Inc.

Published : February 13th, 2019

Announces Private Placement Financing

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Westhaven Ventures Inc. Announces Private Placement Financing

Vancouver, B.C. � February 11th, 2019 � Westhaven Ventures Inc. (TSX-V:WHN) has entered into an agreement with PearTree Securities Inc., whereby PearTree, as agent for the purchasers, will subscribe for up to 2,207,506 million flow-through common shares in the capital of Westhaven at a price of $1.1325 cents per flow-through share for targeted gross proceeds of up to $2,500,000.

The offering is expected to close on or about February 22nd, 2019, and is subject to the satisfaction of certain conditions, including receipt of all applicable regulatory approvals, including the approval of the TSX Venture Exchange. All flow-through shares issued in the offering will be offered by way of a non-brokered private placement and will be subject to a four-month resale hold period in Canada from the closing date of the offering. Proceeds from the offering will be used by the company for exploration expenditures at the Shovelnose gold project in British Columbia that will qualify as Canadian exploration expenditures and flow-through mining expenditures within the meaning of the Income Tax Act (Canada). There are no fees or commissions payable in connection with the offering.

The Spences Bridge Gold Belt (SBGB)

Westhaven owns a 100%-interest in 4 properties covering over 35,000 hectares within the prospective SBGB, which is situated within a geological setting like those which host other significant epithermal gold-silver systems.. It is close to major transportation routes and infrastructure allowing for cost-effective exploration. The SBGB is a 110-kilometre northwest-trending belt of intermediate to felsic volcanic rocks dominated by the Cretaceous Spences Bridge Group. Sable Resources and Westhaven have a combined control of 86% of the SBGB (225,000ha). Any ground staked by Sable within 5 kilometres of Westhaven's existing projects is subject to a 2.5% NSR. In addition, Westhaven has a 30-day Right of First Refusal (ROFR) on any properties outside this 5-kilometre radius.

On behalf of the Board of Directors

WESTHAVEN VENTURES INC.

"Shaun Pollard"

Shaun Pollard, CFO & Director

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, Skoonka and Skoonka North gold projects in British Columbia. Westhaven trades on the TSX Venture Exchange under the ticker symbol WHN. For further information, please call 604-681-5521 or visit Westhaven�s website at www.westhavenventures.com

1056 - 409 Granville Street Vancouver, B.C. Canada V6C 1T2

Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Westhaven Ventures Inc.

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CODE : WHN.V
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Westhaven Ventures is a gold exploration company based in Canada.

Its main exploration property is SHOVELNOSE in Canada.

Westhaven Ventures is listed in Canada. Its market capitalisation is CA$ 11.3 millions as of today (US$ 8.3 millions, € 7.7 millions).

Its stock quote reached its lowest recent point on January 29, 2016 at CA$ 0.04, and its highest recent level on January 04, 2019 at CA$ 1.41.

Westhaven Ventures has 52 410 000 shares outstanding.

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Financings of Westhaven Ventures Inc.
10/21/2013Westhaven Announces Non-Brokered Private Placement
6/7/2013Westhaven Closes Private Placement
5/16/2013$200,000 Non-Brokered Private Placement Fully Subscribed
10/9/2012Announces Non-Brokered Private Placement
Project news of Westhaven Ventures Inc.
10/22/2013Commences Inaugural Drill Program on its Ben Gold Property
9/17/2013Corporate Update: Westhaven To Drill The Ben Gold Property
6/26/2013(Shovelnose)Completes First Phase Of Drilling On Its Shovelnose Gold Pro...
6/3/2013(Shovelnose)Commences Drilling On Its Shovelnose Gold Property
11/13/2012(Shovelnose)Commences Drilling On Its Shovelnose Gold Project
7/24/2012Completes Initial Work Program On Its Ben Gold Property And ...
5/29/2012Commences Work On Its Ben Gold Property
2/28/2012Westhaven To Acquire 100% Of B.C. Gold Exploration Property
10/13/2011(Shovelnose)Commences Drilling On Its Shovelnose Gold Property
Corporate news of Westhaven Ventures Inc.
5/2/2016(Shovelnose)Westhaven To Drill Shovelnose And Prospect Valley Gold Prope...
11/13/2013(Shovelnose)Provides Exploration Update; Assays 16 G/T Gold in Grab Samp...
8/20/2013Shareholders Approve All Motions Put Forth at AGM
7/30/2013(Shovelnose)Expands Zone of Gold-Silver Mineralization on its Shovelnose...
4/3/2013(Shovelnose)Corporate Update: Westhaven To Drill Shovelnose And Ben Gold...
1/9/2013(Shovelnose)Drills 50.4 m of 0.54 g/t Au and 4.77 g/t Ag on its Shovelno...
1/31/2012(Shovelnose)Westhaven Reports Results From Initial Drill Program At Shov...
1/11/2012(Shovelnose)Westhaven Stakes Additional Claims At Shovelnose
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