09:52:13 EDT Thu 28 Mar 2024
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Redhawk Resources Inc
Symbol RDK
Shares Issued 157,698,138
Close 2014-09-22 C$ 0.16
Market Cap C$ 25,231,702
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Redhawk to complete Copper Creek JV by mid-October

2014-09-23 13:58 ET - News Release

Mr. R. Joe Sandberg reports

REDHAWK PROVIDES UPDATE ON JOINT VENTURE WITH ANGLO AMERICAN ON COPPER CREEK PROJECT

Redhawk Resources Inc. has provided an update to the agreement with Anglo American with respect to a joint venture on Redhawk's Copper Creek project in San Manuel, Ariz. The definitive joint venture agreement is proceeding in the normal course and is now anticipated to be concluded and executed in mid-October. The balance of due diligence has been concluded and all final reports are expected to be delivered in early October. A new joint venture company named "Copper Creek Project LLC" has been incorporated and all agreements and properties are in the process of being transferred to this new entity.

R. Joe Sandberg, president and chief executive officer, commented: "We are pleased to provide the update and look forward to the next stage. The Redhawk team is engaged with Anglo American in the planning process for the first year exploration and development program.

"Unrelated to the joint venture with Anglo American, Redhawk is also continuing the review of potential projects with our partners Howe Mining Projects Inc. as announced in our press release of Aug. 27, 2014."

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