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HAWK.V ·

Hawkeye Closes First Tranche of $450,000 Private Placement

Financings

HAWKEYE GOLD & DIAMOND INC.

Suite M202 – 1985 Alberni Street, Vancouver, B.C., Canada V6G 0A2

Phone: (778) 379-5393  Fax: (778) 379-5396  www.hawkeyegold.com

TSX VENTURE EXCHANGE - HAWK / FRANKFURT EXCHANGE - HGT

September 30, 2021 TSX Venture Exchange Listed

Frankfurt Exchange Listed

News Release No. 365 - 2021

HAWKEYE CLOSES FIRST TRANCHE OF $450,000 PRIVATE PLACEMENT

NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR

FOR DISSEMINATION IN THE UNITED STATES

Vancouver, British Columbia, Canada - HAWKEYE Gold & Diamond Inc. (the “Company” or

"HAWKEYE") (TSX.V-HAWK; Frankfurt Ticker: HGT; WKN: A12A61 ISIN: CA42016R3027):

is pleased to announce it has closed upon a first tranche of the $450,000 non-brokered non-flow-through

unit and flow-through unit financing that was originally announced on September 2, 2021 (news release

No. 360 – 2021). The Company closed the first tranche by issuing a total of 10,518,060 non-flow-through

units at a price of 0.02 per unit (“Common Unit”) and 5,200,000 flow-through units at a price of $0.025 per

unit (“Flow-Through Unit) for total proceeds of $340,361 (CDN).

Each Common Unit will consist of one non-flow through common share of the Company (a “Common

Share”) and one transferable share purchase warrant, with each such warrant entitling the holder to acquire

one Common Share at a price of $0.075 per Common Share until September 28, 2023.

Each Flow-Through Unit will consist of one flow-through common share of the Company (a “Flow-

Through Share”) and one half of a transferable share purchase warrant, with each such full warrant entitling

the holder thereof to acquire one non-flow-through Common Share at a price of $0.075 per Common Share

until September 28, 2023.

If at any time after the Closing Date the Corporation’s Common Shares have a closing price of $0.15 (CDN)

or more per share for ten consecutive trading days on the TSX Venture Exchange (the “TSXV”), the

Corporation shall be entitled to give notice to the holders of the warrants issued pursuant to the Common

Units and Flow-Through Units that such warrants will expire thirty 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

thirty day period. None of the warrants issued pursuant to the Offering will be listed for trading.

The Company paid $15,200 in cash relating to finders’ fee’s and issued a total of 656,000 finders

warrants in connection with the closing of the first tranche of this private placement. The finders

warrants have the same terms and conditions of the warrants connected to the Common and Flow-

Through Units. A total of 240,000 finders warrants were issued in connection with the Common

Unit portion of the financing and 416,000 warrants were issued relating to the Flow-through

portion of the financing.

The Common Units, the Flow-Through Units, and the underlying securities issued pursuant to the

closing of the first tranche of the private placement offering will be subject to a four month hold

period expiring January 28, 2022.

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HAWKEYE GOLD & DIAMOND INC.

Suite M202 – 1985 Alberni Street, Vancouver, B.C., Canada V6G 0A2

Phone: (778) 379-5393  Fax: (778) 379-5396  www.hawkeyegold.com

TSX VENTURE EXCHANGE - HAWK / FRANKFURT EXCHANGE - HGT

Proceeds will be used for work programs, possible acquisitions, trades and general working capital

purposes.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities

in the United States. The securities have not been and will not be registered under the United States

Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be

offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act

and applicable state securities laws or an exemption from such registration is available.

About HAWKEYE

HAWKEYE Gold & Diamond Inc. is a junior mineral exploration and development company based in

Vancouver, British Columbia (BC), Canada. The Company's precious and base metals properties are

located in the prolific Golden Triangle of northwest BC, in the world-class Barkerville gold camp situated

in the historic Cariboo Mining District of central BC, and on Vancouver Island, BC, 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.

HAWKEYE GOLD & DIAMOND INC.

Per:

“Greg Neeld”

President & CEO

Vancouver: (604) 908-8511

Email: [email protected]

Web Site: www.hawkeyegold.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of

the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Notes Regarding Forward Looking Statements

This News Release contains forward-looking statements. Forward-looking statements are statements that relate to future events.

These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our

or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results,

levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-

looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment

regarding the direction of our industry, actual results will almost always vary, sometimes materially, from any estimates,

predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, the

Company does not intend to update any of the forward-looking statements to conform these statements to actual results.