Issued: 21,355,079 shares
October 12, 2012 TSX Venture Exchange - HGO
Issued: 21,355,079 shares
News Release No. 228 - 2012
HAWKEYE CLOSES $21,500 PRIVATE PLACEMENT
HAWKEYE Gold & Diamond Inc. (the “Company” or "HAWKEYE): Vancouver, British Columbia: announces that it has received TSX Venture Exchange acceptance and closed the non-brokered private placement initially announced July 28, 2011 through news release 217 and as amended by news release 220 on November 15, 2011. This second and final tranche closed by the Company issuing 390,909 Units in the capital of the Company at a price of $0.055 per share (Cdn.) raising the company total proceeds of $21,500. Each Unit consists of one (1) common share and one share purchase warrant. Each warrant entitles the holder to purchase one
(1) additional share at a price of $0.10 per share prior to 4:30 pm (PST) on July 1, 2013 and for $0.15 per share thereafter prior to 4:30 pm on April 1, 2014 at which time the Warrants will expire; provided that if at any time after October 1, 2012 (the "Closing Date") the Corporation’s Shares have a closing price of Cdn. $0.20 or more per share for fifteen (15) consecutive trading days on the TSX-V, the Corporation shall be entitled to give notice to the holders of the Warrants, that the Warrants will expire 15 days from the announcement of such notice, unless exercised before the expiry of that period, and in such event all unexercised Warrants will expire at 4:30 pm (PST) on the last day of such 15 day period.
In connection with the closing of the second and final tranche of this private placement, the Issuer has paid cash finder’s fees totaling $500.00 and issued finder’s warrants to purchase up to 9,090 common shares in the capital of the Company at a price of $0.10 per share prior to 4:30 p.m. (PST) on April 1, 2014.
All securities issued in connection with this private placement are subject to a four (4) month hold expiring February 1, 2013.
Proceeds from the private placement was used for general working capital.
The Company is pleased to announce that Ms. Debbie Anderson has been appointed chief financial officer for the Company. Ms. Anderson appointment follows Ms. Andrea Plourde resignation as chief financial officer and director. Management would like to thank Ms. Plourde for her years of loyalty to the Company and wish her the best in her future endeavors.
About the Company
HAWKEYE Gold & Diamond Inc. is a junior mineral exploration and development company based in Vancouver, British Columbia, Canada and is publicly traded on the TSX Venture Exchange under the trading symbol HGO. The Company is currently focused upon the exploration and development of the TOP Property, a gold-silver prospect located in the Yukon, Canada, and DASS Mountain Property, a high grade copper-silver prospect located on Vancouver Island, BC, Canada. HAWKEYE’s corporate philosophy is to build strong asset value through diversification, the acquisition of low-cost high potential mining opportunities worldwide, managing our business activities in an environmentally responsible manner while contributing to the well-being of the local community and economy. Our ultimate goal is to achieve full time commercial production of our projects, thereby generating significant growth and early returns on investment to maximize shareholder value.
HAWKEYE GOLD & DIAMOND INC.
Per:
"Greg Neeld"
President & CEO
Toll Free: 1-800-665-3624 Email: [email protected] Vancouver: 1-604-688-2929 Web Site: www.hawkeyegold.com
This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors.
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.