Hawkeye Gold closes private placement for $102,500

Jul 1, 2022

2022-06-30 18:12 ET – News Release

Mr. Greg Neeld reports

HAWKEYE CLOSES PRIVATE PLACEMENT

Hawkeye Gold & Diamond Inc. has closed upon a private placement that was originally announced on March 4, 2022, for $540,000 (news release No. 371 — 2022). The placement consisted of both non-flow-through and flow-through units, and the company received two extensions from the TSX Venture Exchange (news release No. 374 — 2022 and news release No. 376 — 2022) to complete the financing. The financing closed by Hawkeye issuing a total of 5,125,000 non-flow-through units (common units) at a price of two cents per unit for total proceeds of $102,500. The company did not raise any flow-through funds.

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 in the capital of the company at a price of 7.5 cents per common share, expiring on June 30, 2024.

If, at any time after the closing date, the corporation’s common shares have a closing price of 15 cents or more per share for 10 consecutive trading days on the TSX Venture Exchange, the corporation shall be entitled to give notice to the holders of the warrants issued pursuant to the common units that such warrants will expire 30 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 30-day period. None of the warrants issued pursuant to the offering will be listed for trading.

The common units and the underlying securities issued pursuant to the private placement offering are subject to a four-month hold period expiring on Oct. 30, 2022. Finders’ fees were not paid on any portion of the offering.

Proceeds will not be used to pay amounts owing to non-arm’s-length parties or person conducting investor relations activities.

About Hawkeye Gold & Diamond Inc.

Hawkeye is a junior mineral exploration and development company based in Vancouver, B.C., Canada. The company’s precious and base metals properties are located in the prolific Golden Triangle of northwest British Columbia, in the world-class Barkerville gold camp, situated in the historic Cariboo mining district of central B.C., and in Vancouver Island, B.C., Canada. Hawkeye’s corporate mandate is to build strong asset growth and shareholder value through the acquisition of low-cost, high-potential opportunities with discovery potential, and to manage its business in an environmentally responsible manner while contributing to the local community and economy.

We seek Safe Harbor.

https://hawkeyegold.com/