pcNewsWiere – HAWKEYE Gold & Diamond Inc. (TSX-V: HGO; FSE: HGT; WKN: A12A61) has closed previously announced private placement of 981,666 units at a price of $0.075 per unit for gross proceeds of $73,625.
Proceeds will be used for trades, general working capital and property acquisition.
HAWKEYE CLOSES PRIVATE PLACEMENT
Vancouver, British Columbia – HAWKEYE Gold & Diamond Inc. (the “Company” or “HAWKEYE”) (TSX.V-HGO; Frankfurt Ticker: HGT; ISIN: CA42016R3027; WKN: A12A61): announces it has closed upon the private placement originally announced January 31, 2017 (news release No. 262 – 2017) and as amended March 22, 2017 (news release No: 263-2017) and May 18, 2017 (news release 268 – 2017) by selling 981,666 Units in the capital of the Company at a price of $0.075 per Unit for total proceeds of $73,625 (Cdn.). Each Unit consists of one common share in the capital of the Corporation and one share purchase warrant. Each warrant will entitle the holder to purchase one additional share for $0.12 at any time prior to 4:30 p.m. (Vancouver time) on May 22, 2018, at which time the warrants will expire; provided that if at any time after May 22, 2017 the Corporation’s Shares have a closing price of Cdn. $0.12 or more per share for ten 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 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 day period. Proceeds from the private placement will be used for trades, general working capital and property acquisition. The placement is subject to a four (4) month hold expiring September 22, 2017. A finder fee totaling 6,250 finders warrants has been paid on a portion of the offering and these warrants are subject to the same terms of the private placement warrants.
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.
HAWKEYE GOLD & DIAMOND INC.
President & CEO
Vancouver: (778) 379-5393
Web Site: www.hawkeyegold.com
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.
SOURCE: HAWKEYE Gold & Diamond Inc.