September 25th, 2018
News Release No. 295 - 2018
TSX Venture Exchange - HGO
CUSIP NO : 42016R 30 2

HAWKEYE CLOSES UPON ITS FIRST TRANCHE $850,000 NON-BROKERED PRIVATE PLACEMENT

Vancouver, British Columbia, Canada – HAWKEYE Gold & Diamond Inc. (the “Company” or “HAWKEYE”) (TSX.V-HAWK; Frankfurt Ticker: HGT; WKN: A12A61 ISIN: CA42016R3027): is pleased to announce it has closed upon the first tranche of a non-brokered flow-through unit and non-flow-through unit financing originally announced on June 27, 2018 (news release No. 288 – 2018) for total proceeds up to $750,000. HAWKEYE closed the first tranche by issuing 12,000,000 flow-through-units at a price of 0.05 per unit (“Flow-Through-Unit) and 5,000,000 non-flow-through units at a price of $0.05 per unit (“Common Unit”) for total proceeds of $850,000 (CDN).

Each Common Unit consists of one non-flow through common share of the Company and one transferable share purchase warrant, with each such warrant entitling the holder to acquire one common share at a price of $0.10 per common share for a period of twenty-four (24) months expiring September 18, 2020.

Each Flow-Through Unit consists of one flow-through common share of the Company and one half of a transferable share purchase warrant, with each such full warrant entitling the holder thereof to acquire one non-flow-through common share at a price of $0.10 per common share for a period of twelve (12) months expiring September 18, 2019.

If the Issuer’s common shares have a closing price of $0.20 (CDN) or more per share for ten consecutive trading days on the TSX Venture Exchange (the “TSXV”), the Corporation shall be entitled to give notice to the holders of the warrants issued pursuant to the Flow-Through Units and Common Units that such warrants will expire thirty days from the date of mailing of such notice or the news release of such notice, unless such warrants are 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 day period. None of the warrants issued pursuant to the Offering will be listed for trading.

Proceeds from the Offering will be used for general working capital, trades and exploration expenditures.

An 8% finders’ fee was paid in cash and warrants in connection with the closing of the private placement. The Issuer paid a total of $46,000 cash and issued 920,000 finders warrants which are subject to the same terms and conditions of the warrants connected to the Flow-Through and Common Units. A total of 824,000 finders warrants were issued in connection with the Flow-Through portion of the financing and 96,000 warrants were issued relating to the Common Unit portion of the financing.

The Flow-Through Units, the Common Units and the underlying securities issued pursuant to the private placement offering are subject to a four month hold period expiring January 18, 2019.

About HAWKEYE

HAWKEYE Gold & Diamond Inc. is a junior mineral exploration and development company based in Vancouver, British Columbia, Canada. The Company’s precious and base metals properties are located in the prolific BC Golden Triangle, world-class Barkerville gold camp and Vancouver Island, BC, Canada. HAWKEYE’s corporate mandate is to build strong asset growth and shareholder value through the acquisition of low-cost, high-potential cash flow and production opportunities with blue sky discovery potential, and to manage our business in an environmentally responsible manner while contributing to the local community and economy.

HAWKEYE GOLD & DIAMOND INC.


Greg Neeld
President & CEO


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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