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Seahawk Gold (CSE:SEAG) closes private placement

Mining
CSE:SEAG
12 July 2022 10:00 (EDT)

Source: Seahawk Gold Corp.

Seahawk Gold Corp. (SEAG) has closed its previously announced non-brokered private placement, raising gross proceeds of $1,154,999.70.

Seahawk issued 3,849,999 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, consisting of $24,299.97 in cash and 150,000 in shares, were paid to finders in connection with the Placement.

The shares, warrants and any warrant shares are under a four-month hold period ending November 13, 2022.

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 trading steady at C$0.31 per share at 11:05 pm ET.

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