Hawkeye Gold & Diamond Plans $112,950 Non-Brokered Private Placement

An announcement from Hawkeye Gold & Diamond ( (TSE:HAWK) ) is now available.

Hawkeye Gold & Diamond Inc. plans to raise up to $112,950 through a non-brokered private placement of up to 2,259,000 non-flow-through units priced at $0.05 each. Each unit comprises one common share and one-half of a transferable warrant exercisable at $0.10 for 24 months, with an acceleration clause if the share price trades at or above $0.15 for ten consecutive days.

The units and underlying securities will be subject to a four-month-plus-one-day hold period and the financing remains conditional on TSX Venture Exchange and other regulatory approvals. Proceeds are earmarked for general working capital, with the potential payment of finder’s fees, underscoring the company’s ongoing need for modest capital to support its exploration activities and corporate operations.

More about Hawkeye Gold & Diamond

Hawkeye Gold & Diamond Inc. is a Vancouver-based junior mineral exploration and development company focused on high-grade copper, gold and silver targets in British Columbia. It owns a 100% interest in the Bonanza property on northern Vancouver Island and holds three 2% royalty interests in the Railway, McBride and Todagin properties in the Golden Triangle region, pursuing low-cost, high-potential discovery opportunities.

Average Trading Volume: 98,106

Technical Sentiment Signal: Buy

Current Market Cap: C$848.4K

For detailed information about HAWK stock, go to TipRanks’ Stock Analysis page.