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Gold/Mining/Energy : HAWKEYE GOLD INTERNATIONAL INC. (VSE:HGO)

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To: Doug Macklem who wrote (29)2/13/1997 11:18:00 AM
From: Robert D Curtis   of 472
 
Hawkeye Gold Corporation
HAW VSE

February 13, 1997

Receives Final Receipt for $1,000,000 Financing

HAWKEYE GOLD CORPORATION ("HAW-V;HWKIF-L")

- Receives Final Receipt for $1,000,000 Financing

Greg Neeld, President of Hawkeye Gold Corporation is pleased to announce that it has received a receipt for its $1,000,000 Exchange Offering Prospectus financing previously announced September 9, 1996. The offering will be coordinated by the issuers agent Yorkton Securities Inc. and will be facilitated through the facilities of the Vancouver Stock Exchange (VSE).

The Exchange Offering Prospectus dated February 4, 1997 qualifies the distribution of 833,333 Units to the public at a price to be established by the Issuer and the Agent on the day prior to the Offering Day at a premium over the average trading price of the Issuer's common shares in accordance with the rules of the VSE. Each Unit is comprised of one common share and one transferable Series "A" Share Purchase Warrant entitling the holder to purchase one additional common share for two years after the Offering Day, at the Offering
Price during the first year and at a price equal to 115% of the Offering Price during the second year.

The Company is now making arrangements with its agent to establish an offering day and expects the offering will be completed in the next several weeks.

TEL: (604) 878-1339 Greg Neeld, President FAX: (604) 688-3402 TEL: 1-800-665-3624
Internet: www.hawkeyegold.com

I presume this to be the first of many positive steps. Can anyone
interpret this portion ? What is the price going to be?

"a price to be established by the Issuer and the Agent on the day prior to the Offering Day at a premium over the average trading price"

Not sure how the Offering Day is established either. It states this alone could take several weeks.

Bob Curtis
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