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Nighthawk Gold Equity Warrants Exp 6th May 2024 MIMZD


Primary Symbol: T.NHK.W

Nighthawk Gold Corp. is a Canada-based gold exploration and development company. The Company is engaged in the identification, acquisition, exploration, and evaluation of gold properties. The Company owns 100% ownership of more than 947 square kilometers district scale property within 200 kilometers (km) north of Yellowknife, Northwest Territories, Canada. The property hosts the Indin Lake (Archean) Greenstone belt. Its Colomac Gold Project is a large-scale, open-pit gold project in the Northwest Territories, Canada, about 200 km north of the capital city and mining hub Yellowknife. The Colomac Gold Project represents a series of high-grade open pit gold deposits, and gold mineralization remains open on all directions. Its grassroots targets with gold occurrences on its district scale property include Goldcrest Deposit, Kim Deposit, rizzly Bear Deposit, Damoti Deposit, Cass Deposit, and others.


TSX:NHK.W - Post by User

Comment by tony1969on Jan 24, 2024 6:50pm
106 Views
Post# 35844024

RE:Interesting merger

RE:Interesting mergerHey mrcreosote.  It has been a while.  NHK gave up LOTS to get this deal done. It just raised $13m Canadian or like almost 2O% of ME's current Canadian cap on a raise at $0.34 NHK. Very dilutiive to current l NHK holders. Think it was like 38m shares or almost 25% dilutive. Nothing comes for free. This new MergeCo will have like $40m cash Canadian and basically zero debt. They will have 2 projects whose NPV's are both well over $1 billion Canadian at $1600 US spot gold. We are comfortably well over by about 25% over that figure. This is a classic dislocation of value once the merger gets done in my humble opinion....Will be interesting to see where we trade post merger...
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