By Devika Patel
Knoxville, Tenn., Oct. 27 - Hawthorne Gold Corp. announced it will conduct a C$2 million private placement of stock.
The company will sell up to 10 million flow-through common shares at C$0.20 per share.
J.F. Mackie & Co. Ltd. is the agent.
Proceeds will be used to fund the company's 2009 field work on its projects in British Columbia.
Hawthorne is a Vancouver, B.C.-based gold exploration and development company with key properties in British Columbia.
| Issuer: | Hawthorne Gold Corp.
|
| Issue: | Flow-through common shares
|
| Amount: | C$2 million
|
| Shares: | 10 million
|
| Price: | C$0.20
|
| Warrants: | No
|
| Agents: | J.F. Mackie & Co. Ltd.
|
| Pricing date: | Oct. 24
|
| Stock symbol: | TSX Venture: HGC
|
| Stock price: | C$0.19 at close Oct. 24
|
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