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Seahawk Gold Corp. (CSE:SEAG) announces private placement

Mining, The Market Online Deal Room
CSE:SEAG
02 June 2022 14:00 (EST)

Source: Seahawk Gold Corp.

Seahawk Gold Corp. (SEAG) is undertaking a non-brokered private placement to raise gross proceeds of up to $750,000.00.

Seahawk will issue up to 2,500,000 shares priced at $0.30 per share.

The net proceeds will be used to fund the advancement of the company’s projects and for working capital purposes.

Finder’s fees of up to 6 per cent may be paid to finders in connection with the Placement.

The company also wishes to announce the termination of the previously announced agreement with Sama Resources Inc. to complete an acquisition of certain Liberian assets in Africa thru their Company’s subsidiary, Sama Resources Development Corp. The termination was agreed to by both Sama and Seahawk.

Seahawk Gold Corp. is a Canadian resource exploration company. Seahawk is the 100 per cent owner of four properties along the Urban-Barry Greenstone Belt in the Abitibi sub province of Quebec.

Seahawk Gold Corp. (SEAG) is unchanged on the day, trading at C$0.365 per share at 2 pm ET.

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