Vancouver, British Columbia, Canada – HAWKEYE Gold & Diamond Inc. (the “Company” or “HAWKEYE”) (TSX.V-HAWK; Frankfurt Ticker: HGT; WKN: A12A61 ISIN: CA42016R3027): is pleased to announce it has arranged to complete a non-brokered private placement (the “Offering”) to sell non-flow-through units (“Common Units”) at a price of $0.05 per Common Unit and flow-through units (“Flow-Through Units”) at a price of $0.05 per Flow-Through Unit, for gross aggregate proceeds of up to $500,000 (CDN), being the sale of up to an aggregate of 10,000,000 Common Units and Flow-Through Units. The number of Common Units and Flow-Through Units to be sold pursuant to the Offering will be determined by the Issuer based on investor preference.
Each Common Unit will consist of one non-flow through common share of the Company (a “Common Share”) and one transferable share purchase warrant, with each such warrant entitling the holder to acquire one Common Share at a price of $0.10 per Common Share for a period of twenty-four (24) months following closing of the Offering.
Each Flow-Through Unit will consist of one flow-through common share of the Company (a “Flow-Through Share”) and one half of a transferable share purchase warrant, with each such full warrant entitling the holder thereof to acquire one non-flow-through Common Share at a price of $0.10 per Common Share for a period of twelve (12) months following closing of the Offering.
If at any time after the Closing Date the Corporation’s Common Shares have a closing price of $0.20 (CDN) or more per share for ten consecutive trading days on the TSX Venture Exchange (the “TSXV”), the Corporation shall be entitled to give notice to the holders of the warrants issued pursuant to the Common Units and Flow-Through Units that such warrants will expire thirty days from the date of mailing of such notice or the news release of such notice, unless such warrants are exercised before the expiry of that period, and in such event all unexercised warrants will expire at 4:30 p.m. (Vancouver time) on the last day of such thirty day period. None of the warrants issued pursuant to the Offering will be listed for trading.
The Common Units, the Flow-Through Units and the underlying securities issued pursuant to the private placement Offering will be subject to a four month plus one day hold period from closing of the Offering in accordance with applicable securities legislation and completion is subject to receipt of applicable regulatory approvals, including the approval of the TSXV. Finder’s fees may be paid on all or a portion of the Offering.
About HAWKEYE
HAWKEYE Gold & Diamond Inc. is a junior mineral exploration and development company based in Vancouver, British Columbia, Canada. The Company’s precious and base metals properties are located in the prolific Golden Triangle of northwest BC, in the world-class Barkerville gold camp, and on Vancouver Island, BC, Canada. HAWKEYE’s corporate mandate is to build strong asset growth and shareholder value through the acquisition of low-cost, high-potential opportunities with discovery potential, and to manage its business in an environmentally responsible manner while contributing to the local community and economy.
http://www.hawkeyegold.com/2019/10/hawkeye-announces-500000-non-brokered-private-placement-2/
