Mr. Greg Neeld
HAWKEYE CLOSES FIRST TRAUNCH PRIVATE PLACEMENT
Hawkeye Gold & Diamond Inc. closed the first tranche of anon-brokeredprivate placement, in Stockwatch July 9, 2010, at which time thecompany disclosedthat it intended to sell up to six million units in the capitalof the company at a price of 15 cents per unit for total proceeds of$900,000. The first tranche of this private placement closed by Hawkeyeissuing a total of 3,326,167 units at a price of 15 cents per unitraising theissuer a total of $498,925. Each unit consists of one common sharein the capital of the corporation and one share purchase warrant. Eachwarrant will entitle the holder to purchase one additional share for25 cents at any time prior to 4:30 p.m. (Vancouver time) on Feb. 6,2012.At that time the warrants will expire provided that if at any timeafterAug. 5, 2010, the issuer shares have a closing price of 35 cents ormoreper share for 30 consecutive trading days on the TSX-V, Hawkeye shallbe entitled to give notice to the holders of the warrants, that thewarrantswill expire 30 days from the date of mailing of such notice unlessexercisedbefore the expiry of that period, and in such event all unexercisedwarrantswill expire at 4:30 p.m. (Vancouver time) on the last day of such30-dayperiod. Proceeds will be used for general working capital.
In connection with the closing of the first tranche of this privateplacement the issuer has paid cash finders' fees totalling $37,252 and issuedfinders' warrants to purchase up to 248,350 common shares in the capital ofthe company at a price of 15 cents per share exercisable under the same termsas the warrants attached to the units for this private placement.
All securities issued in connection with this private placement are subjectto a four-month hold expiring Dec. 6, 2010.