WHD West Hawk Development Corp.

West Hawk Development Corp. (TSX VENTURE:WHD) (the "Company") wishes to update
investors that, after careful consideration, it has decided to terminate the
Letter of Intent for the acquisition of the Heavener property originally
announced September 4th, 2008. 


While the Company is still convinced about the worthiness of acquiring and
investing in the Heavener property, it was forced to make this decision after
being unsuccessful in raising the funding necessary to proceed with the
acquisition. Despite intense efforts of Company management and appreciation of
the project by potential funding partners, ultimately the financial crisis has
frozen the capital market and made it impossible for the Company to raise the
money.


The Company is currently implementing a divesture plan with the intent of
reducing its cost structure and refocusing the Company's strategy. The Company
will make further announcements in this regard as and when necessary.


On behalf of the Board of Directors, 

Wm. Mark Hart, Chairman and Chief Executive Officer

About the Company: West Hawk Development Corp. is focused on providing valuable,
high-demand energy products from a variety of sources. Assets include the Figure
Four natural gas property located in the Piceance Basin, Colorado, being
developed under a drilling and development agreement; and the Groundhog coal
property located in northwest British Columbia.

Grafico Azioni West Hawk Development Corp. (TSXV:WHD)
Storico
Da Mag 2024 a Giu 2024

Grafico Azioni West Hawk Development Corp. (TSXV:WHD)
Storico
Da Giu 2023 a Giu 2024