May 7, 2002 12g3-2(b):82-2435
Vancouver Stock Exchange - HGO
Standard & Poor's Listed
CUSIP NO : 42016T 10 0
News Release No: 100
NEWS RELEASE
RE: HAWKEYE Short Form Offering Document accepted by TSX Venture Exchange
Hawkeye Gold International Inc. (the "Company") is pleased to announce it has received confirmation that its Short Form Offering Document dated April 26, 2002 (the "Offering") has been filed with and accepted by the TSX Venture Exchange effective May 3, 2002. Canaccord Capital Corporation (the "Agent") has agreed to act as agent of the Company to complete the Offering on a commercially reasonable efforts basis. The Offering expires July 5, 2002
The Offering will qualify for distribution up to 6,666,667 units at a price of $0.15. Each unit consists of one common share and one common share purchase warrant. 4,000,000 of the units will be flow-through units and 2,666,667 of the units will be non-flow-through units. Each warrant can be exercised to acquire one additional common share which is not a flow-through share at an exercise price of $0.15 for 12 months from the date of completion of the Offering.
The Agent will receive a cash commission of 9% of the gross proceeds of the Offering, a corporate finance fee payable in common shares, an administration fee payable in cash, and an Agent’s Warrant to purchase up to that number of common shares as is equal to 15% of the number of Units issued pursuant to the Offering, at an exercise price of $0.15, for a period of twelve months following the Closing.
Upon completion of the offering, the Company will issue a press release confirming the number of shares issued and monies raised pursuant to this Offering and also intends to immediately commence work programs on its YANKEE diamond property, located on Victoria Island, Nunuvat, Canada which includes a contingency for drilling priority targets.
HAWKEYE GOLD INTERNATIONAL INC.
Per:
Greg Neeld
President & CEO |
