HWKDF - HAWKEYE Receives TSX.V Approval to Close upon the Second Tranche of a $347861 Private Placement
(TheNewswire)
December 24, 2021 –TheNewswire - Vancouver, British Columbia, Canada - HAWKEYE Gold &Diamond Inc. (the “Company” or "HAWKEYE")(TSXV:HAWK ) ; ( Frankfurt Ticker: HGT; WKN:A12A61 ISIN:CA42016R3027 ) : is pleased to announce ithas received TSX Venture Exchange acceptance to close upon the secondtranche of a non-brokered non-flow-through unit and flow-through unitfinancing that was originally announced on September 2, 2021 (news release No. 360 –2021 ) for $450,000 in which the Companyclosed upon the first tranche of this financing on September 29, 2021(news release No. 364 – 2021) for total proceeds of $340,361. Uponclosing of the second tranche the Company issued a total of 300,000 flow-through units at a price of 0.025per unit (“Flow-Through Unit”) for total proceeds of $7,500 (CDN).Gross proceeds raised by the Company through closing of the first andsecond tranches totaled $347,861.
Each Flow-Through Unit will consist of one flow-throughcommon share of the Company (a “Flow-Through Share”) and one halfof a transferable share purchase warrant, with each such full warrantentitling the holder thereof to acquire one non-flow-through CommonShare at a price of $0.075 per Common Share for a period oftwenty-four (24) months expiring December 24, 2023.
If the Corporation’s Common Shares have a closingprice of $0.15 (CDN) or more per share for ten consecutive tradingdays on the TSX Venture Exchange (the “TSXV”), the Corporationshall be entitled to give notice to the holders of the warrants issuedpursuant to the Flow-Through Units that such warrants will expirethirty days from the date of mailing of such notice or the newsrelease of such notice, unless such warrants are exercised before theexpiry of that period, and in such event all unexercised warrants willexpire at 4:30 p.m. (Vancouver time) on the last day of such thirtyday period. None of the warrants issued pursuant to the Offering willbe listed for trading.
No finders' fee will be paid in cash or through the issuance offinders’ warrants in connection with the closing of the secondtranche of this private placement.
The Flow-Through Units, and the underlying securitiesissued pursuant to the closing of the second tranche of the privateplacement offering will be subject to a four month hold periodexpiring April 23, 2021.
Proceeds will be used for work programs, possibleacquisitions, trades and general working capital purposes.
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, Canada. The Company's precious and base metals propertiesare located in the prolific Golden Triangle of northwest BC, in theworld-class Barkerville gold camp, 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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