By Devika Patel
Knoxville, Tenn., April 23 - Redhawk Resources, Inc. announced that it plans to raise C$4.03 million in a non-brokered private placement of units.
The company will sell 11.5 million units at C$0.35 apiece.
Each unit will consist of one common share and one half-share warrant. Each whole warrant is exercisable at C$0.50 for two years.
Proceeds will be used for a district wide drill program testing coincident geologic, geochemical and geophysical targets.
Based in Vancouver, B.C., Redhawk is a mineral explorer.
| Issuer: | Redhawk Resources, Inc.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$4,025,000
|
| Units: | 11.5 million
|
| Price: | C$0.35
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.50
|
| Agent: | Non-brokered
|
| Pricing date: | April 23
|
| Stock symbol: | TSX Venture: RDK
|
| Stock price: | C$0.35 at close April 23
|
| Market capitalization: | C$31.9 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
