By Devika Patel
Knoxville, Tenn., Nov. 16 - Blackhawk Resource Corp. said it plans a non-brokered private placement of stock for C$1.7 million,
The company will sell 10 million flow-through common shares at C$0.17 apiece
Settlement is expected Dec. 4.
Proceeds will be used for exploratory and development activities on the Bodo properties.
Blackhawk is a petroleum and natural gas exploration, development and production company in Calgary, Alta.
| Issuer: | Blackhawk Resource Corp.
|
| Issue: | Flow-through common shares
|
| Amount: | C$1.7 million
|
| Shares: | 10 million
|
| Price: | C$0.17
|
| Warrants: | No
|
| Agents: | Non-brokered
|
| Pricing date: | Nov. 16
|
| Settlement date: | Dec. 4
|
| Stock symbol: | TSX Venture: BLR
|
| Stock price: | C$0.14 at close Nov. 13
|
| Market capitalization: | C$4.2 million
|
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