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TSX: NHK
TORONTO, June 9, 2021 /CNW/ - Nighthawk Gold Corp.
("Nighthawk" or the "Company") (TSX: NHK) (OTCQX:
MIMZF) is pleased to announce that due to the high level of
interest, it has entered into a revised agreement with Sprott
Capital Partners, on behalf of a syndicate of underwriters, to
increase the size of the previously announced bought deal financing
(the "Offering") to now raise aggregate proceeds of
$23.5 million. The underwriters have
agreed to purchase, or arrange for substituted purchasers to
purchase, 7,000,000 units ("Units") and 10,265,000
flow-through units (the "FT Units"). The other terms of the
Offering remain unchanged from the Company's news release dated
June 8, 2021.
In addition, the Company has also granted the underwriters an
over-allotment option to purchase up to a further 15% of the number
of Units and/or FT Units sold. This over-allotment option is
exercisable in whole or in part, at the sole discretion of the
underwriters, at any time until and including 30 days following the
closing date of the Offering.
This news release does not constitute an offer to sell or a
solicitation of an offer to sell any of the securities in
the United States. The securities
have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities
Act") or any state securities laws and may not be offered or
sold within the United States or
to U.S. Persons unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such
registration is available.
Qualified Person
Richard Roy
P.Geo., V.P. Exploration of Nighthawk, who is the "Qualified
Person" as defined by NI 43-101 for this project, has reviewed and
approved of the scientific and technical disclosure contained in
this news release.
About Nighthawk
Nighthawk is a Canadian-based gold
exploration company with 100% ownership of a district-scale land
position within the Indin Lake Greenstone Belt, located
approximately 200km north of Yellowknife, Northwest Territories, Canada. Within this
largely underexplored Archean gold camp, the Company has identified
a number of high-priority targets all centered around a growing
deposit. These targets lie within large regional deformation zones
that contain gold mineralization which warrant additional
exploration and follow-up. The main goals and objectives over the
next 12-24 months will be to carry out exploration to support
mineral resource expansion opportunities as well as to foster new,
near-surface discoveries that support the global mineral resource
base.
The Company has an experienced and dedicated team with a track
record of successfully advancing projects and is well funded and
supported to advance its near-term goals and objectives.
Website: www.nighthawkgold.com
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Keyvan
Salehi
President &
CEO
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Michael
Leskovec
CFO
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Suzette N
Ramcharan
VP, Corporate
Development
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Forward-Looking Information
This news release contains "forward-looking information" within
the meaning of applicable Canadian securities legislation.
Forward-looking information includes, but is not limited to,
information with respect to the Offering and the Company's
exploration initiatives. Generally, forward-looking information can
be identified by the use of forward-looking terminology such as
"plans", "expects", or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates", or
"does not anticipate", or "believes" or variations of such words
and phrases or state that certain actions, events or results "may",
"could", "would", "might", or "will be taken", "occur", or "be
achieved".
Forward-looking information is based on the opinions and
estimates of management at the date the information is made, and is
based on a number of assumptions and is subject to known and
unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of
Nighthawk to be materially different from those expressed or
implied by such forward-looking information, including risks
associated with the exploration, development and mining such as
economic factors as they effect exploration, future commodity
prices, changes in foreign exchange and interest rates, actual
results of current exploration activities, government regulation,
political or economic developments, environmental risks, permitting
timelines, capital expenditures, operating or technical
difficulties in connection with development activities, employee
relations, the speculative nature of gold exploration and
development, including the risks of diminishing quantities of
grades of reserves, contests over title to properties, and changes
in project parameters as plans continue to be refined as well as
those risk factors discussed in Nighthawk's annual information form
for the year ended December 31, 2020,
available on www.sedar.com. Although Nighthawk has attempted
to identify important factors that could cause actual results to
differ materially from those contained in forward-looking
information, there may be other factors that cause results not to
be as anticipated, estimated or intended. There can be no assurance
that such information will prove to be accurate, as actual results
and future events could differ materially from those anticipated in
such information. Accordingly, readers should not place undue
reliance on forward-looking information. Nighthawk does not
undertake to update any forward-looking information, except in
accordance with applicable securities laws.
SOURCE Nighthawk Gold Corp.
