To finance the foregoing, the Company is announcing its intention to carry out a non-brokered private placement of (i) flow through units (each, an 'FT Unit') at the price of
Each FT Unit will be composed of one (1) common share (a 'Common Share') of the Company, issued on a flow-through basis pursuant to the Income Tax Act (
A portion of the Offering may be completed in accordance with the exemption set out in BC Instrument 45-536 (Exemption from prospectus requirement for certain distributions through an investment dealer) (the 'Investment Dealer Exemption') and to existing shareholders of the Company pursuant to the exemption set out in BC Instrument 45-534 (Exemption from prospectus requirement for certain trades to existing security holders) (the 'Existing Shareholder Exemption').
For subscribers utilizing the Existing Shareholder Exemption, the Offering is available to all shareholders of the Company as at
There are conditions and restrictions when relying upon the Existing Shareholder Exemption, namely: (i) the subscriber must be a shareholder of the Company on the Record Date (and must still be a shareholder on the date of closing); (ii) the subscriber must be purchasing the FT Units or NFT Units, as the case may be, as a principal, i.e. for their own account and not for any other party and (iii) the subscriber may not purchase more than
Assuming the Offering is fully subscribed, the Company plans to allocate the net proceeds of the Offering to: (i) the Drill Program (
As required by the Investment Dealer Exemption, the Company confirms there is no material fact or material change relating to the Company that has not been generally.
On closing, the Company may pay finder's fees in respect of a portion of the Offering in accordance with the policies of the Canadian Securities Exchange. All securities issued in connection with the Offering will be subject to a four-month and one day hold period under applicable securities laws.
The securities offered have not been registered under the
About the Company
Hawkmoon is focused entirely on its three
Forward Looking Statements
This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, including statements regarding the Drill Program, the Offering and the expected use of proceeds from the Offering are 'forward-looking statements'. These forward-looking statements reflect the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
Contact:
Tel: 604-817-1595
Email: branden@hawkmoonresources.com
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