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Gold/Mining/Energy : Diamonds in Alberta, Ashton, Pure Gold, Montello, New Cla
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To: Rocket Red who wrote (553)4/6/1998 1:46:00 PM
From: Jesse   of 822
 
Another hat in the ring (SE of Hinton): Hawkeye Gold Corporation -

Alberta diamond property being acquired

Hawkeye Gold Corporation
HAW
Shares issued 5215314
1998-04-03 close $0.49
Monday Apr 6 1998
Mr Greg Neeld reports
The company has been granted an option by Grizzly Gold to acquire an
85% interest in Grizzly's metallic and industrial minerals permits over
the Front Range property covering approximately 529,900 acres near
Hinton, Alberta. The option may be exercised by the company paying
$340,000 over three years, issuing 200,000 shares in four tranches
pursuant to progressive phases of exploration, incurring $175,000 in
exploration expenses over the next 12 months and incurring an
additional $925,000 in exploration expenses over the following 12
months. Grizzly has agreed to subscribe for company shares having a
total value of $50,000 upon receipt of each of the $100,000 payments
to be made on the second and third anniversaries of the date of
acceptance by the VSE of the company's filing in respect of the option
agreement. The company also has the right to acquire up to an additional
10% interest for $1 million for each additional 1% at any time up to the
60th day next following announcement of a positive feasibility study on
the property.
Details regarding the property and its 1998 work program will be
released upon receipt by the company of a report on the property written
by Mike B. Dufresne, written for the Alberta Geological Survey.
(c) Copyright 1998 Canjex Publishing Ltd.
canada-stockwatch.com
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