Hawkeye increases private placement to $97,900

Executive Summary

• Hawkeye Gold & Diamond Inc. has amended the terms of its previously announced non-brokered private placement, increasing the total gross proceeds from $40,000 to $97,900.
• The company will issue 1,958,000 non-flow-through units at a price of $0.05 per unit, with no flow-through units to be issued.
• Proceeds are designated for general working capital purposes, and the transaction is subject to regulatory approvals including TSX Venture Exchange approval.

Key Details

• Transaction Structure: Non-brokered private placement of non-flow-through units.
• Units Issued: 1,958,000 units.
• Price Per Unit: $0.05.
• Gross Proceeds: $97,900 (increased from the original $40,000).
• Unit Composition: Each unit consists of one common share and one-half of a transferable share purchase warrant.
• Warrant Terms:
  • Each warrant entitles the holder to acquire one common share.
  • Exercise Price: $0.10 per common share.
  • Duration: 24 months following closing.
  • Listing: Warrants will not be listed for trading.
• Early Expiry Clause: If the common shares close at $0.15 or more for 10 consecutive trading days on the TSX Venture Exchange after closing, the company may give notice to warrant holders that unexercised warrants will expire 30 days from the date of notice.
• Hold Period: Four months plus one day from closing, in accordance with applicable securities legislation.
• Use of Proceeds: General working capital purposes.
• Fees: No finders' fees will be paid.
• Conditions Precedent: Completion is subject to receipt of applicable regulatory approvals, including TSX Venture Exchange approval.

Notable Quotes

• None provided in the text.