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Seahawk Gold (CSE:SEAG) announces private placement

Mining, The Market Online Deal Room
CSE:SEAG
21 October 2021 09:30 (EDT)

Source: Seahawk Gold Corp.

Seahawk Gold (SEAG) has announced a non-brokered private placement for gross proceeds of up to $1,000,000.

Seahawk will issue common share units at C$0.45 and flow-through units at $0.53.

Laurentian Bank Securities is acting as a finder in connection with the offering and the majority of the financing is being placed with institutional investors.

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

Finder’s fees may be paid in connection with the placement.

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 Quebec.

Seahawk Gold Corp. (SEAG) opened trading at C$0.48 per share.

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