This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Hawk Uranium issues shares to service providers 2009-11-20 11:13 ET - News Release Mr. H. Vance White reports HAWK COMPLETES ISSUANCE OF SHARES TO SERVICE PROVIDERS Following TSX Venture Exchange approval of a shares-for-debt settlement with service providers (see news in Stockwatch Nov. 2, 2009), Hawk Uranium Inc. has issued a total of 563,021 common shares at a deemed price of 10 cents per share to five parties to settle a total debt of $56,302.31 for services rendered from Feb. 1, 2008, to July 31, 2009.
In addition, the exchange has conditionally approved a shares-for-debt settlement with three service providers who are also officers of Hawk, subject to Hawk obtaining majority approval of its disinterested shareholders. Hawk proposes to issue a total of 261,620 common shares at a deemed price of 10 cents per share to those three service providers to settle a total debt of $26,162.04 for services rendered from Feb. 1, 2008, to July 31, 2009. Hawk intends to seek approval of a majority of its disinterested shareholders of this shares for debt settlement either at its next annual shareholders meeting or by written consent, as permitted under exchange policies.
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