May 31, 2022
News Release No. 377 - 2022
TSX Venture Exchange: HAWK
Frankfurt Exchange: HGT
HAWKEYE RECEIVES SHAREHOLDER APPROVAL FOR NEWCREST ACQUISITION
Vancouver, British Columbia, Canada – HAWKEYE Gold & Diamond Inc. (the “Company” or “HAWKEYE”) (TSX.V-HAWK; Frankfurt Ticker: HGT; WKN: A12A61 ISIN: CA42016R3027): is pleased to announce that the Company has received shareholder approval at its special meeting (the “Special Meeting”) held on May 31, 2022 for the sale of its 100% interests in the McBride, Railway, Boomerang and Todagin properties (“Properties”) to Newcrest Red Chris Mining Ltd., a wholly-owned subsidiary of Newcrest Mining Limited (Australian Stock Exchange: NCM, Toronto Stock Exchange: NCM, Papua New Guinea Exchange: NCM) for total cash consideration of CAD$1,400,000 and a 2% net smelter returns royalty (the “Transaction”). The Transaction was finalized through an Asset Purchase Agreement between the Company and Newcrest dated March 18, 2022 (the “Agreement”) and, was announced by a news release dated March 21, 2022 (news release No. 373 – 2022).
The Transaction is subject to TSX Venture Exchange approval. Upon the Company receiving Exchange acceptance for the Agreement, the Closing Date of the Transaction is expected to occur within 3 business days after all closing conditions in the Agreement are satisfied.
HAWKEYE Gold & Diamond Inc. is a junior mineral exploration and development company based in Vancouver, British Columbia (BC), Canada. The Company’s precious and base metals properties are located in the prolific Golden Triangle of northwest BC, in the world-class Barkerville gold camp situated in the historic Cariboo Mining District of central BC, and on Vancouver Island, BC, Canada. HAWKEYE’s corporate mandate is to build strong asset growth and shareholder value through the acquisition of low-cost, high-potential opportunities with discovery potential, and to manage its business in an environmentally responsible manner while contributing to the local community and economy.
HAWKEYE GOLD & DIAMOND INC.
President & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Notes Regarding Forward Looking Statements
This News Release contains forward-looking statements. Forward-looking statements are statements that relate to future events. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our industry, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results