By Sheri Kasprzak
New York, March 27 - Redhawk Resources Inc. said it has settled a C$2.7 million PIPE.
The company issued, on a non-brokered basis, 6 million units at C$0.45 each.
The units are comprised of one share and one warrant with each whole warrant exercisable at C$0.65 for one year.
Based in Vancouver, B.C., Redhawk is a mineral exploration company.
Issuer: | Redhawk Resources Inc.
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Issue: | Units of one share and one warrant
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Amount: | C$2.7 million
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Units: | 6 million
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Price: | C$0.45
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Warrants: | One warrant per unit
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Warrant expiration: | One year
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Warrant strike price: | C$0.65
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Placement agent: | Non-brokered
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Settlement date: | March 24
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Stock symbol: | TSX Venture: RDK
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Stock price: | C$0.58 at close March 24
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