Metal Hawk Limited announced a private placement of 5,387,125 common shares at a price of AUD 0.45 per share for the gross proceeds of AUD 2,424,206 on October 8, 2021. The transaction will include participation from returning investor Western Areas Limited, to maintain its 6% stake in the company and new and existing institutional and sophisticated investors. The transaction is expected to be closed on October 15, 2021.