Gold Haven Resources Company (Oh, my God-CSE, GHVNF-OTCQB, 4QS) is upping its proceeds target from its previously announced LIFE offering which is now expected to raise up to $5.75 million. This is higher than the previous target of $5.0 million.
The offering will consist of units at a price of 25 cents per unit, with each unit consisting of one common share and half a common share purchase warrant, the company said. Each warrant entitles the holder to purchase one common share for 35 cents out of 62 centsSecond abbreviation The day after release until a date that is 24 months after the closing date, which will likely occur on June 12, 2026.
The company said it will use the proceeds to develop the company’s Magno project in northern British Columbia and the Copecal project in Mato Grosso, Brazil.
GoldHaven shares were unchanged Friday at 25 cents. Shares are trading in a 52-week range of 39 cents and $0.090.
Rob Birmingham, CEO of GoldHaven, said: “This financing allows GoldHaven to strongly leverage our core assets. At Magno, we have now secured full funding to execute and expand a significant 2026 drilling program across multiple high priority areas, while continuing to build on the strong initial drilling success at Copecal.” “We believe this dual-track approach provides shareholders with near-term discovery potential and long-term growth across two very promising regions.”
Subject to completion of the LIFE financing, the Company plans to launch a Phase 11 drilling program at its 100% owned Copecal gold and copper project in the third quarter of 2026. The Copecal Project is located within the Alta Floresta Gold Province, a historically productive area that has yielded significant gold discoveries since the late 1970s.
The company recently announced the expansion and ongoing completion of high-resolution, airborne geophysical surveying via its 100% owned Magno project located in the Cassiar region of northern British Columbia. The survey has been expanded to 2,237 linear kilometers from the originally planned program of 1,741 linear kilometers, and is designed to support a planned 5,000-meter drilling program in 2026 targeting the Magno, Cohn and Di areas.
“This expanded airborne program represents a significant advance in our systematic approach to unlocking the region-wide potential of Magno,” Birmingham said.
The company said recent surface work at Magno identified multiple high-priority corridors supported by strong silver, lead, zinc, tungsten and indium mineralization, including silver values up to 2,370 g/t, tungsten up to 6,550 ppm and indium values up to 334 ppm.
The Magno Project is a regional multi-mineral exploration asset spanning approximately 37,200 hectares. The project hosts a large hydrothermal system associated with intrusion and multiple mineralization styles, including silver, lead and zinc carbonate replacement mineralization, tungsten-rich skarn systems, copper-bearing intrusions and important minerals such as indium, bismuth and tellurium. Geological mapping and property-wide geochemical analyzes have identified the classic mineral zoning pattern associated with porphyry, supporting the interpretation of a large, vertically and horizontally extensive mineral system.
