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HAWKEYE CLOSES PRIVATE PLACEMENT

Posted On June 10, 2010 @ 05:05 In News

HAWKEYE Gold & Diamond Inc. (the “Company”): Vancouver, British Columbia: Trading symbol: TSX.V:HGO announces that it has closed a non-brokered private placement announced January 22, 2010.  The private placement closed by HAWKEYE issuing a total of 355,229 Units at a price of $0.21 per Unit raising the Issuer a total of $74,598 (Cdn).  Each Unit is comprised of one common share and one warrant.  Each Warrant will entitle the holder to purchase one (1) additional Share (a “Warrant Share”) for $0.45 at any time prior to 4:30 p.m. (Vancouver time) on December 11, 2011, at which time the Warrants will expire; provided that if at any time after the June 10, 2010 the Corporation’s Shares have a closing price of Cdn. $0.45 or more per Share for thirty (30) consecutive trading days on TSX-V, the Corporation shall be entitled to give notice to the holders of the Warrants that the Warrants will expire 30 days from the date of mailing of such notice unless 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 30 day period.

No finder’s fees were paid in connection with the private placement.

All securities issued in connection with this private placement are subject to a four (4) month hold expiring October 10, 2010.


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