New Issue: West Hawk Development plans C$2.5 million private placement of units

By Devika Patel

Knoxville, Tenn., Aug. 25 - West Hawk Development Corp. announced it will conduct a C$2.5 million private placement of units on a commercially reasonable basis via agent Union Securities Ltd. There is a C$250,000 greenshoe.

The company will sell 166,666,667 units at C$0.015 per unit. Each unit consists of one common share and one half-share warrant. Each whole two-year warrant will be exercisable at C$0.07 in the first year and at C$0.10 thereafter.

Based in Vancouver, B.C., West Hawk is a coal, oil and natural gas exploration company.

Issuer:	West Hawk Development Corp.
Issue:	Units of one common share and one half-share warrant
Amount:	C$2.5 million
Greenshoe:	C$250,000
Units:	166,666,667
Price:	C$0.015
Warrants:	One half-share warrant per unit
Warrant expiration:	Two years
Warrant strike price:	C$0.07 in the first year, C$0.10 thereafter
Agent:	Union Securities Ltd
Pricing date:	Aug. 25
Stock symbol:	TSX Venture: WHD
Stock price:	C$0.015 at close Aug. 25
Market capitalization:	C$1.6 million

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