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Gold/Mining/Energy : HAWKEYE GOLD INTERNATIONAL INC. (VSE:HGO) -- Ignore unavailable to you. Want to Upgrade?

To: Brad Danchuk who wrote (365)	1/9/1998 1:37:00 AM
From: Richnorth	Read Replies (1) \| Respond to of 472

I am not replying on behalf of Grant, but allow me to share some info with you and other investors. I heard from generally reliable sources that originally the financing was to have been done above $1. Unfortunately for Hawkeye, the Del Gratia and Golden Rule/Hixon Gold scandals followed soon on the heels of the Bre-X fraud. As a consequence, market sentiment turned highly negative. And Yorkton Securities apparently used this circumstance as an excuse to do the financing below $1 (at about $0.80.) At that time, it seemed that Hawkeye could do nothing better under the circumstances than to make the best of a bad bargain with Yorkton. Otherwise the stock would have gone to $0.10. Though Yorkton was supposed to be helping to promote HAW, it did nothing of the sort. I wished Hawkeye had made timely disclosure of the financing as that would have spared a lot of investors one helluva lot of agony! All that can be said for Hawkeye now is that it has potential.