- HAWKEYE Gold & Diamond Inc. - http://www.hawkeyegold.com -


Posted On January 31, 2017 @ 12:07 In News

Vancouver, British Columbia – HAWKEYE Gold & Diamond Inc. (the “Company” or “HAWKEYE”) (TSX.V-HGO; Frankfurt Ticker: HGT; ISIN: CA42016R3027; WKN: A12A61): announces it has arranged to complete a non-brokered private placement to sell up to 500,000 units (the “Units”) in the capital of the Company at a price of $0.10 per Unit for total proceeds of $50,000 (Cdn.). Each Unit shall consist of one (1) common share (a “Share”) in the capital of the Corporation and one share purchase warrant. Each Warrant will entitle the holder to purchase one (1) additional Share (a “Warrant Share”) for fifteen cents ($0.15) at any time prior to 4:30 p.m. (Vancouver time) on the date which is twelve months from the Closing Date, at which time the Warrants will expire; provided that if at any time after the Closing Date the Corporation’s Shares have a closing price of Cdn. $0.15 or more per Share for ten (10) 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 thirty (30) days from the date of mailing or news release 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 thirty (30) day period.

Proceeds from the private placement will be used for trades, general working capital and property acquisition.

The private placement will be subject to a four (4) month hold from closing and completion is subject to receipt of applicable regulatory approvals and finder’s fees may be paid on a portion of the offering.

HAWKEYE also announces it has granted an aggregate of 500,000 incentive stock options to consultants of the Issuer pursuant to the Company’s Stock Option Plan. The options have an exercise price of $0.12 per share and an expiry date of January 24, 2027.

About the Company

HAWKEYE Gold & Diamond Inc. is a junior mineral exploration and development company based in Vancouver, British Columbia, Canada and is publicly traded on the TSX Venture Exchange under the trading symbol HGO and the Frankfurt Exchange under the ticker HGT; ISIN# CA42016R3027 and WKN# A12A61. HAWKEYE’s Corporate mandate is to build strong asset value through the acquisition of low-cost, high-potential cash flowing mining production opportunities with blue sky discovery upside, managing our business activities in an environmentally responsible manner while contributing to the well-being of the local Community and Economy. Our goal is significant growth through Revenue and Cash flowing Projects, ultimate production through Discovery on our blue sky properties, to provide early return on investment and significant growth to maximize shareholder value.

Article printed from HAWKEYE Gold & Diamond Inc.: http://www.hawkeyegold.com

URL to article: http://www.hawkeyegold.com/2017/01/hawkeye-announces-50000-private-placement-and-granting-of-options-2/

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