Rockhaven Resources Ltd. Announces Appointment of New Chief Financial Officer and the Granting and Re-pricing of Incentive Stock Options
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/10/12 -- Rockhaven Resources Ltd. (TSX VENTURE:RK) ("Rockhaven") announces the appointment of Larry Donaldson as its new Chief Financial Officer. Mr. Donaldson replaces Robert Dinning, who has resigned as Chief Financial Officer to pursue other business interests. Mr. Donaldson is a Chartered Accountant with over 30 years of accounting, auditing and tax experience. He graduated from the University of British Columbia with a Bachelor of Commerce degree. He is the managing partner of a local Chartered Accountancy firm and has extensive experience in public company audits and in accounting and tax planning for mineral exploration-based companies.
Rockhaven also announces that it has granted incentive stock options under its Incentive Stock Option Plan to its directors and officers and certain employees and consultants, entitling them to purchase up to a total of 1,160,000 shares at a price of $0.25 per share for a period of five years. All of these options are subject to vesting provisions under which 25% of the options will vest at the conclusion of each three months during the first year of the exercise period.
Rockhaven also announces that the exercise price of options previously granted to certain employees and consultants in respect of a total of 470,000 shares has been re-priced from $1.20 to $0.25 per share, subject to regulatory acceptance. No options currently held by Rockhaven officers or directors will be re-priced.
About Rockhaven Resources Ltd.
Rockhaven Resources Ltd. is well funded company focused on growth through exploration of its own wholly-owned projects and continues to work towards adding new advanced stage projects to its portfolio. For additional information concerning Rockhaven Resources Ltd. or its various exploration projects please visit Rockhaven's website at www.rockhavenresources.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.
Rockhaven Resources Ltd.
CEO and Director