Mr. Greg Neeld reports
HAWKEYE AMENDS ITS BARKERVILLE, BC, PROPERTY AGREEMENTS
Hawkeye Gold & Diamond Inc. has entered into an amending agreement to amend six separate sale and purchase agreements with the vendor of Hawkeye's six Barkerville properties, all located in the Cariboo mining division and situated within 15 to 35 kilometres south-southeast of the town of Barkerville in British Columbia, Canada. Hawkeye and the vendor of the properties agreed to amend the agreements for the company's 2-Aces, Keithley Creek, Cariboo Valley, Seller Creek, Cariboo Lake and Swift River properties, which all have received TSX Venture Exchange acceptance, so the company may earn a 100-per-cent interest in the properties.
Under terms of the sale and purchase agreements, the purchaser must pay the vendor a total of $44,000 and issue a total of 500,000 shares to earn a 100-per-cent interest in the properties. Under the terms of the amending agreement, the company has agreed to issue to the vendor 1.8 million common shares in the capital of the company in lieu of making the cash payment of $44,000 and issue the share payment shares totalling 500,000 common shares for a total issuance of 2.3 million shares.
Upon the company receiving TSX Venture Exchange acceptance for the amending agreement, issuing the cash payment shares and share payment shares (2.3 million), the vendor will transfer the 100-per-cent title in the properties to the purchaser within seven days of receiving TSX Venture Exchange approval.
The amending agreement is subject to regulatory approval and the shares will be subject to a four-month-plus-one-day hold period from closing.
About Hawkeye Gold & Diamond Inc.
Hawkeye is a junior mineral exploration and development company based in Vancouver, B.C., Canada.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.