Financings
Hawkeye Gold closes $97,900 private placement
HAWK · Price
Executive Summary
- Hawkeye Gold & Diamond Inc. closed its non‑brokered private placement, issuing 1,958,000 units at $0.05 per unit for total gross proceeds of $97,900.
- Each unit consists of one common share and half of a transferable warrant (exercise price $0.10 per share, 24‑month term expiring 14 Nov 2027).
- Proceeds are earmarked for general working capital; units are subject to a hold period until 14 Mar 2026 and no finders’ fees were paid.
Key Details
- Units Issued: 1,958,000 units @ $0.05 per unit → Gross proceeds: $97,900.
- Unit Composition: 1 common share + ½ transferable warrant; each warrant allows purchase of one common share at $0.10 for 24 months (expires 14 Nov 2027).
- Warrant Acceleration Clause: If the TSX‑V share price ≥ $0.15 for 10 consecutive trading days, Hawkeye may give notice to expire warrants 30 days after mailing; unexercised warrants then lapse at 4:30 p.m. Vancouver time on the last day of that period.
- Listing: Warrants will not be listed for trading.
- Hold Period: Units and underlying securities subject to a four‑month‑plus‑one‑day hold, expiring 14 Mar 2026.
- Finders’ Fees: None paid on this offering.
- Use of Proceeds: General working capital purposes.
Notable Quotes
(No executive quotes were provided in the release.)