Here's the news folks !!
Hawkeye Gold Corporation
HAW VSE
April 6, 1998
Acquires Alberta Diamond Property
HAWKEYE GOLD CORP ("HAW-V;HWKIF-L")
- Acquires Alberta Diamond Property
Greg Neeld, President & CEO of Hawkeye Gold Corp., reports that the Company has been granted an option by Grizzly
Gold Inc. to acquire an 85% interest in Grizzly's Metallic and Industrial Minerals Permits over the Front Range Property
covering approximately 529,000 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 twelve months and incurring an additional $925,000 in
exploration expenses over the following twelve months. Grizzly has agreed to subscribe for Company shares having an
aggregate 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 Vancouver Stock Exchange 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 $1,000,000 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 Mr. Mike B. Dufresne, co-author of The Diamond Potential of Alberta, written for the Alberta
Geological Survey.
TEL: (604) 878-1339 Greg Neeld, President CEO TOLL FREE: 1-800-665-3624 E-MAIL: haw@hawkeyegold.com
INTERNET: www.hawkeyegold.com |
