Hawk Uranium Inc. Announces Extension to Term of Warrantsadmin
Hawk Uranium Inc. announce that it has received approval from the TSX Venture Exchange to extend the term of issued and outstanding warrants exercisable for a total of 506,668 common shares. The Warrants were issued as part of a private placement that closed on October 13, 2006 in which 1,000,002 flow-through units (each consisting of one flow-through common share and one Warrant) were issued for gross proceeds of $150,000. Since issuance, 493,334 Warrants have been exercised, leaving 506,668 Warrants outstanding.
Each whole Warrant is exercisable for one common share at a price of $0.25 per share. The term of the 506,668 Warrants, which were to expire on October 12, 2008, has been extended to October 12, 2010. The term of the Warrants has been extended on the condition that the exercise period of the Warrants will be shortened to 30 days (commencing seven calendar days after the tenth Premium Trading Day as hereinafter defined) if, for ten consecutive days the closing price of Hawk’s common shares is greater than $0.333 per share.
Hawk Uranium Inc. is a Canadian based junior mining company with a portfolio of diversified exploration projects at various stages of exploration and drilling, for Nickel/Copper/PGM in the ‘Ring of Fire’ McFauld’s Lake Area of N. Ontario, Gold in N. Ontario, Uranium in N. Saskatchewan, Ontario and Quebec, and P&NG Leases in S.W. Ontario.
More detailed information is available on the website at www.hawkuranium.com.