Stock sold on non-brokered basis to fund exploration, working capital
By Devika Patel
Knoxville, Tenn., June 13 – Nighthawk Gold Corp. said it has arranged a C$6 million non-brokered private placement of stock.
The company will sell 4,444,444 common shares at C$0.225 apiece, a 16.67% discount to the June 10 closing share price of C$0.27. It also will sell 16,666,667 flow-through common shares at C$0.30 apiece, an 11.11% premium to the June 10 closing share price.
Proceeds will be used for exploration on the Indin Lake Gold Property and general working capital purposes.
The gold explorer is based in Toronto.
| Issuer: | Nighthawk Gold Corp.
|
| Issue: | Common shares, flow-through common shares
|
| Amount: | C$6 million
|
| Warrants: | No
|
| Underwriters: | Non-brokered
|
| Pricing date: | June 13
|
| Stock symbol: | TSX Venture: NHK
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| Stock price: | C$0.27 at close June 10
|
| Market capitalization: | C$15.49 million
|
|
|
| Common stock
|
| Amount: | C$1 million
|
| Shares: | 4,444,444
|
| Price: | C$0.225
|
|
|
| Flow-through stock
|
| Amount: | C$5 million
|
| Shares: | 16,666,667
|
| Price: | C$0.30
|
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