Seahawk Ventures Inc. Announces Private Placement
Vancouver, British Columbia--(Newsfile Corp. - July 2, 2020) - Seahawk Ventures Inc. (CSE: SHV) ("Seahawk") announces that it is undertaking a non-brokered private placement of up to 12,000,000 units at a price of $0.25 per unit (the "Units") to raise gross proceeds of up to $3,000,000.00.
Each Unit consists of one common share in the capital of Seahawk (a "Share") and one common share purchase warrant (a "Warrant") entitling the holder to acquire one common share in the capital of Seahawk (a "Warrant Share") at a price of $0.50 per Warrant Share for three years from the date of issuance.
The gross proceeds from the sale of the Units will be used for mineral exploration expenses in the Province of Quebec, and for general working capital purposes. A commission will be paid in connection with the Placement.
In other news Seahawk would also like to announce that we have sold the SkyX Property for cash and will retain a 2% N.S.R.
About Seahawk Ventures Inc.
Seahawk Ventures Inc. is a publicly traded Canadian resource exploration company trading in Canada (CSE: SHV), the U.S. (OTC Pink: SEHKF) and Germany (FSE: 7SR).
Seahawk owns four highly prospective properties in the Urban-Barry Greenstone Belt in the Abitibi sub province of mining friendly Quebec, Canada. During 2019 numerous highly anomalous to high grade Gold intersections were discovered on the properties.
This press release was prepared by Mitchell E. Lavery P.Geo., Seahawk Ventures Inc. President and non-arm's length Qualified Person, and is responsible for the content of this Press Release under NI-43-101.
For more information please contact Seahawk Ventures Inc. - seahawkventuresinc.com
CEO and Director at 1-604-939-1848
Mitchell E. Lavery, P.Geo.
President and Director at 1-613-298-1596
Neither the Canadian Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/59045