..CKED again ...Hawkeye to roll back shares 1:6
Hawkeye to roll back shares 1:6
2014-08-08 13:49 ET - News Release
Mr. Greg Neeld reports
HAWKEYE ANNOUNCES ROLL-BACK
Hawkeye Gold & Diamond Inc. has received approval by its directors to consolidate the company issued and outstanding common shares on the basis of six preconsolidated shares for one postconsolidated share. Management believes that the consolidation is necessary in order to provide the company with a share capital structure that will better attract additional equity financing and new equity investment in the company.
As of Aug. 8, 2014, Hawkeye has 25,801,743 common shares issued and outstanding. After giving effect to the consolidation, the company will have approximately 4,300,290 common shares issued and outstanding. The outstanding 1,595,000 stock options and 2,498,336 warrants will also be adjusted by the consolidation ratio, and the respective exercise prices of outstanding stock options and warrants will be adjusted accordingly.
Hawkeye does not plan to change its name, and the consolidation is subject to approval by the TSX Venture Exchange.