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Hawkeye Gold and Diamond Inc V.HAWK

Alternate Symbol(s):  HWKDF

Hawkeye Gold & Diamond Inc. is a junior mineral exploration and development company. The Company is engaged in the exploration for and the development of natural resources in Canada. Its projects include Bonanza, 2-Aces, Keithley Creek, Cariboo Valley, Seller Creek, Swift River, Bonanza Lake and Cariboo Lake. The Company owns over four 2% royalty interests which are subject to buy-down provisions on the Railway, McBride, Boomerang and Todagin properties located in the Golden Triangle of northwest British Colum (BC). The Bonanza property is located on the northern end of Vancouver Island, British Columbia, Canada, and is situated approximately 110 kilometers (km) northwest of Campbell River and 69 km southeast of Port Hardy. The 2-Aces property is situated approximately 32 km southeast of the Town of Barkerville, British Columbia (B.C.), Canada. It owns an interest in the 3,599-hectare Keithley Creek property situated approximately 30 km south of the Town of Barkerville, B.C., Canada.


TSXV:HAWK - Post by User

Post by riskreward401on Nov 12, 2016 2:07pm
130 Views
Post# 25453384

good volume week

good volume weekeven though it was trading for two days. someonecan make someone buy a stock. unreal. who cares or has that much pull. so much time on people's hands. also from the company yesterday i learned is that hgo has over $500 thou in the bank. first pp done last year at 5 cents warrants expire on Nov. 26 and most of those warrants are getting excercised. that brings in $187,000 and an additional 2.5 million shares to the float. so $385,000 just brought in on a pp at .12 cents as well. also the pp at 5 cents from this year came trading on Nov. 7 and there is another $113,000 dollars in warrant cash there to be had as well. so $685,000 could be in treasury for hgo sooner than later. the most recent pp has full warrants at .15 cents and would bring in another $480,000 dollars. considering $250,000 in payments are going to go to the vendor for the LOI and the next $350,000 and the next $350,000 will be spent on the flotation mill and property and the Mexican Government report states there is 12,000 tons there right now that is good for the entire first year of operations. hgo is hoping to have the Flotation Mill up and running and is a priority. so the rest of the cash spent on the property could be from milling ore. so hgo thinks they will not need a  pp done and would considering borrowing the money first. so the risk / reward here seems to be better and better. with all of the above share warrants excercised hgo would have total and outstanding 23.5 Million shares. options are about another 1.2 million say all told by next Feb. at about 10 cents. so more cash in till and a total outstanding share count of 24.7 Million shares. don't know who was saying 50 Million shares etc. anyone can do the math on the cash and share count here pretty easy. 135 days to 180 days into the agreement either Milling ore or another small pp will be required, just by the numbers i am thinking.
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