GOOD NEWS only 37 millions outstanding shares
Hawkeye to buy 15 more claims in Golden Triangle
2019-07-24 14:07 ET - News Release
Mr. Greg Neeld reports
HAWKEYE ACQUIRES RAILWAY PROPERTY IN BC GOLDEN TRIANGLE
Hawkeye Gold & Diamond Inc. has entered into two sale and purchase agreements with two separate arms-length vendors to acquire 100-per-cent interests in an additional 15 claims totalling 826 hectares in the British Columbia Golden Triangle. The claims are located approximately 12 kilometres east-northeast of Iskut, B.C., and are situated in the Liard mining district west of the Klappan River surrounding Thatue Mountain. The claims are also situated in close proximity to the company's McBride and Todagin properties.
Agreement details
Under terms of the first sale and purchase agreement between Hawkeye and the vendor, the company may acquire one claim totalling 34 hectares by issuing 100,000 shares in the capital of the company to the vendor. The acquisition is not subject to an net smelter return.
Under terms of the second sale and purchase agreement between Hawkeye and the vendor, the company may acquire 14 claims totalling 792 hectares by paying a $1,000 cash payment and issuing 200,000 shares in the capital of the company to the vendor. The acquisition is not subject to an NSR.
The two sale and purchase agreements between Hawkeye and the vendors are subject to Toronto Stock Exchange approval. The shares will be issued with a four-month hold period from issuance.
About Hawkeye Gold & Diamond Inc.
Hawkeye is a junior mineral exploration and development company based in Vancouver, B.C. The company's precious and base metals properties are located in the prolific Golden Triangle of northwest B.C., in the world-class Barkerville gold camp and on Vancouver Island, B.C. Hawkeye's corporate mandate is to build strong asset growth and shareholder value through the acquisition of low-cost, high-potential opportunities with discovery potential, and to manage its business in an environmentally responsible manner while contributing to the local community and economy.
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