Hawkeye Gold arranges $112,950 private placement

Executive Summary

• Hawkeye Gold & Diamond Inc. announced a non‑brokered private placement of up to 2,259,000 non‑flow‑through units at $0.05 per unit, targeting gross proceeds of up to $112,950.
• Each unit consists of one common share and half of a transferable warrant (exercise price $0.10 per share, exercisable for 24 months).
• Proceeds are earmarked for general working capital; the units will be subject to a four‑month plus one‑day hold period and are not listed for trading.

Key Details

• Units Offered: Up to 2,259,000 non‑flow‑through (NFT) units.
• Price per Unit: $0.05 CAD.
• Maximum Gross Proceeds: $112,950 CAD.
• Unit Composition: 1 common share + ½ transferable warrant; each warrant allows purchase of one common share at $0.10 for 24 months from closing.
• Warrant Expiration Trigger: If the TSX‑Venture closing price ≥ $0.15 for ten consecutive trading days, Hawkeye may give notice to expire all warrants 30 days after mailing (or earlier if exercised).
• Hold Period: Units and underlying securities subject to a four‑month‑plus‑one‑day hold period from closing per securities legislation.
• Regulatory Conditions: Completion contingent on regulatory approvals, including TSX Venture Exchange acceptance.
• Use of Proceeds: General working capital; finders’ fees may be paid on all or part of the offering.
• Listing Status: Warrants issued will not be listed for trading.

Notable Quotes

(No executive quotes were provided in the release.)