HAWK:CC - HAWKEYE Receives TSX Venture Exchange Approval for Acquisition of Vancouver Island Claims
(TheNewswire)
Vancouver,B C - TheNewswire - May 29, 2023 - HAWKEYEGold & Diamond Inc. (the “Company” or "HAWKEYE")(TSX.V-HAWK ) ( Frankfurt:HGT ) ( WKN:A12A61 ) ( ISIN: CA42016R4017 ): announc es that is has received TSX VentureExchange (TSX.V) acceptance for a Sale and Purchase Agreement (the“Agreement”) to purchase three properties(the “Property”) located on the northern end of Vancouver Island,British Columbia, Canada. The acquisition was originally announcedby the Company on May 17, 2023 (news release No. 386 – 2023). The227.02-hectare Property is located approximately 110 kilometresnorthwest of Campbell River and 69 kilometres southeast of Port Hardy. The Property encompasses the historical Bonanza Pit copper, gold,silver, zinc and magnetite skarn prospect, which has been subject tointermittent exploration over the years since its discovery in 1959. The three properties are the same claims that formed HAWKEYE’soriginal Bonanza property. Upon purchase of the Property under theterms as described directly hereunder the Company will own a 100%interest in the Property and no net smelter return royalty will beretained by the vendor.
Terms of Sale
HAWKEYE may purchase the Property by issuing the arm’s lengthvendor a total of 150,000 shares in the capital of the Company uponthe Property being transferred to the Company. The shares will beissued with two different hold periods. 75,000 shares will be issuedwith a resale restriction for six months from the date that the TSX.V issues its finalbulletin confirming acceptance for the Agreement (received) and thebalance of 75,000 shares w ill be issued with a twelve month hold period from TSX.V acceptancefor the acquisition.
No finders’ fees will be paid in connection with theacquisition.
About HAWKEYE
HAWKEYE Gold & Diamond Inc. is a junior mineralexploration and development company based in Vancouver, BritishColumbia (BC), Canada. The Company's properties are located in theworld-class Barkerville gold camp situated in the historic CaribooMining District of central BC, and on Vancouver Island, BC, Canada. The Company owns four 2% royalty interests which are subject tobuy-down provisions on the Railway, McBride, Boomerang and Todaginproperties located in the Golden Triangle of northwest BC. HAWKEYE'scorporate mandate is to build strong asset growth and shareholdervalue through the acquisition of low-cost, high-potentialopportunities with discovery potential, and to manage its business inan environmentally responsible manner while contributing to the localcommunity and economy.
HAWKEYE GOLD & DIAMOND INC.
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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