HAWK:CC - HAWKEYE Closes Private Placement
(TheNewswire)
Vancouver, British Columbia, Canada – TheNewswire - HAWKEYE Gold & Diamond Inc. (the “Company” or"HAWKEYE") (TSXV:HAWK ) ; ( Frankfurt:HGT ) ; ( WKN:A12A61 ) ( ISIN:CA42016R3027): is pleasedto announce that it has closed upon a privateplacement that was originally announced on March 4, 2022 for $540,000(news release No. 371 – 2022). The placement consisted of bothnon-flow-through and flow-through units and the Company received twoextensions from the TSX Venture Exchange (news releases # 374 – 2022and 376 – 2022) to complete the financing. The funding closed byHawkeye issuing a total of 5,125,000 non-flow-through units (CommonUnit) at a price of $0.02 per unit for total proceeds of $102,500. TheCompany did not raise any flow-through funds.
Each Common Unit consists of one non-flow throughcommon share of the Company (a “Common Share”) and onetransferable share purchase warrant, with each such warrant entitlingthe holder to acquire one Common Share in the capital of the Companyat a price of $0.075 per Common Share expiring on June 30, 2024.
If at any time after the Closing Date theCorporation’s Common Shares have a closing price of $0.15 (CDN) ormore per share for ten consecutive trading days on the TSX VentureExchange (the “TSXV”), the Corporation shall be entitled to givenotice to the holders of the warrants issued pursuant to the CommonUnits that such warrants will expire thirty days from the date ofmailing of such notice or the news release of such notice, unless suchwarrants are exercised before the expiry of that period, and in suchevent all unexercised warrants will expire at 4:30 p.m. (Vancouvertime) on the last day of such thirty day period. None of the warrantsissued pursuant to the Offering will be listed for trading.
The Common Units and the underlying securities issuedpursuant to the private placement offering are subject to a four monthhold period expiring on October 30, 2022. Finder’s fees were notpaid on any portion of the offering.
Proceeds will not be used to pay amounts owing toNon-Arm’s Length parties or person conducting investor relationsactivities.
This news release does not constitute an offer to sellor a solicitation of an offer to buy any of the securities in theUnited States. The securities have not been and will not be registeredunder the United States Securities Act of 1933, as amended (the“U.S. Securities Act”) or any state securities laws and may not beoffered or sold within the United States or to U.S. Persons unlessregistered under the U.S. Securities Act and applicable statesecurities laws or an exemption from such registration is available.
About HAWKEYE
HAWKEYE Gold & Diamond Inc. is a junior mineralexploration and development company based in Vancouver, BritishColumbia (BC), Canada. The Company's precious and base metalsproperties are located in the prolific Golden Triangle of northwestBC, in the world-class Barkerville gold camp situated in the historicCariboo Mining District of central BC, and on Vancouver Island, BC,Canada. HAWKEYE's corporate mandate is to build strong asset growthand shareholder value through the acquisition of low-cost,high-potential opportunities with discovery potential, and to manageits business in an environmentally responsible manner whilecontributing to the local community and economy.
HAWKEYE GOLD & DIAMONDINC.
Per:
“Greg Neeld”
President & CEO
Vancouver: (604) 908-8511
Email: greg@hawkeyegold.com
Web Site: www.hawkeyegold.com
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.
Cautionary NotesRegarding Forward Looking Statements
This News Release containsforward-looking statements. Forward-looking statements arestatements that relate to future events. These statements are onlypredictions and involve known and unknown risks, uncertainties andother factors that may cause our or our industry’s actual results,levels of activity, performance or achievements to be materiallydifferent from any future results, levels of activity, performance orachievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions uponwhich they are based, are made in good faith and reflect our currentjudgment regarding the direction of our industry, actual results willalmost always vary, sometimes materially, from any estimates,predictions, projections, assumptions or other future performancesuggested herein. Except as required by applicable law, the Companydoes not intend to update any of the forward-looking statements toconform these statements to actual results.
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FOR DISSEMINATION IN THE UNITED STATES
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