By Laura Lutz
Washington, Feb. 12 - Hawk Precious Minerals Inc. raised C$2,869,163 from the final tranche of a private placement of units.
In the latest tranche, the company sold 13,183,316 non flow-through units at C$0.20 each and 930,000 flow-through units at C$0.25 each.
Each non flow-through unit consists of one non flow-through share and one warrant, and each flow-through unit consists of one flow-through share and one warrant. Each warrant will be exercisable for one non flow-through share at C$0.50 for two years.
Previous tranches of the placement closed on Jan. 24 and Jan. 30.
The full placement included 19,808,316 non flow-through units and 1.08 million flow-through units, for total proceeds of C$4,211,663.
Proceeds will be used for exploration on the company's Ontario and Quebec projects and for general corporate purposes.
Hawk is a mineral exploration company based in Toronto.
| Issuer: | Hawk Precious Minerals Inc.
|
| Issue: | Units of one non flow-through share and one warrant; units of one flow-through share and one warrant
|
| Amount: | C$2,869,163 ($4.21 million total)
|
| Settlement date: | Jan. 24; Jan. 30; Feb. 12 (for C$2,869,163)
|
| Stock symbol: | CNQ: HAWK
|
| Stock price: | C$0.30 at close Feb. 9
|
|
|
| Non flow-through units
|
| Units: | 13,183,316
|
| Price: | C$0.20
|
| Warrants: | One per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.50
|
|
|
| Flow-through units
|
| Units: | 930,000
|
| Price: | C$0.25
|
| Warrants: | One per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.50
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
