Hawkeye receives TSX-V OK for island property buy

May 12, 2024

2024-05-10 17:02 ET – News Release


Mr. Greg Neeld reports


Pursuant to the news release dated April 25, 2024, Hawkeye Gold & Diamond Inc. has received TSX Venture Exchange acceptance for a sale and purchase agreement dated Jan. 31, 2024, to purchase one property which is located on the northern end of Vancouver Island, British Columbia, Canada. The 123.93-hectare property is located approximately 110 kilometres northwest of Campbell River and 69 kilometres southeast of Port Hardy. Upon purchase of the property under certain terms of the agreement as described hereunder, the company will own a 100-per-cent interest in the property, and no net smelter return royalty will be retained by the vendor.

Terms of sale

Hawkeye may purchase the property by issuing the arm’s-length vendor a total of 75,000 shares in the capital of the company upon the property being transferred to the company. The shares will be issued with two different hold periods. A portion of 37,500 shares will be issued with a standard four-month resale restriction expiring Sept. 9, 2024. The balance of 37,500 shares will be issued with an eight-month hold period expiring Jan. 9, 2025.

No finders’ fees will be paid in connection with the acquisition.

About Hawkeye Gold & Diamond Inc.

Hawkeye is a junior mineral exploration and development company based in Vancouver, B.C., Canada. The company’s properties are located in the world-class Barkerville gold camp situated in the historic Cariboo mining district of central British Columbia and on Vancouver Island, British Columbia, Canada. The company owns four 2-per-cent royalty interests, which are subject to buydown provisions on the Railway, McBride, Boomerang and Todagin properties located in the Golden Triangle of northwestern B.C. 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.


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