TSX: NHK
OTCQX: MIMZF
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RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR
INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES./
TORONTO, April 12,
2022 /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 and
Laurentian Bank Securities Inc., on behalf of a syndicate of
underwriters, which includes Leede Jones Gable Inc., BMO Nesbitt
Burns Inc., Haywood Securities Inc., National Bank Financial Inc.,
PI Financial Corp. and Scotia Capital Inc., to increase the size of
the previously announced bought deal financing (the
"Offering") to now raise aggregate proceeds of C$29.4 million. The underwriters have agreed to
purchase an additional 5,380,142 FT Units for a total of 9,085,142
FT Units. The other terms of the Offering remain unchanged from the
Company's news release dated April 11,
2022, except that each Warrant to be issued in connection
with the FT Units and Premium FT Units under the Offering will be
issued as a "flow-through share" under the Income Tax Act
(Canada).
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.
About Nighthawk
Nighthawk is a Canadian-based gold exploration company with 100%
ownership of more than 930 km2 of district-scale land
position within the Indin Lake Greenstone Belt, located
approximately 200 km north of Yellowknife, Northwest Territories, Canada. The Company is
advancing several highly prospective exploration targets.
Nighthawk's experienced management team, with a track record of
successfully advancing projects and operating mines, is working
towards demonstrating the economic viability of its assets and
rapidly advancing its projects towards a development decision.
Forward-Looking Information
This news
release contains "forward-looking information" within the meaning
of applicable Canadian securities legislation. Generally,
forward-looking information can be identified by the use of
forward-looking terminology such as "advancing", "working towards",
"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, the war in Ukraine and its effect on supply chains,
environmental risks, COVID-19 and other pandemic 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, 2021,
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.
