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Share Name | Share Symbol | Market | Type |
---|---|---|---|
West Hawk Development Corp. | TSXV:WHD | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0 | - |
West Hawk Development Corp. (TSX VENTURE:WHD)(FRANKFURT:H5N) (the "Company") is pleased to announce the closing of its previously announced non-brokered private placement. An aggregate of 8,111,500 units (the "Units") were issued at a price of $0.20 per Unit (the "Offering") for gross proceeds of $1,622,300. Each Unit consists of one common share of the Company (a "Share") and one common share purchase warrant (a "Warrant"). Each Warrant is exercisable into one additional Share for a period of 24 months following the closing at an exercise price of $0.40 per share. The Warrants will be subject to early expiry if, following the date that is four months following the Offering, the daily volume-weighted average trading price of the Company's common shares on the TSX Venture Exchange over a period of 10 consecutive trading days is equal to or greater than $0.60. All of the securities issued will be subject to a four month hold period expiring October 4, 2008. The aggregate proceeds raised will be used by the Company to advance the Company's Groundhog Coal project in British Columbia, the 2008 drilling program at the Figure Four property in Colorado, the advancement of its coal gasification plans, and for general working capital purposes. On behalf of the board of directors, Dr. Wm. Mark Hart, President and Chief Executive Officer About the Company: West Hawk Development Corp. is focused on providing valuable, high-demand clean 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; the Groundhog coal property located in northwest British Columbia; the Tulita coal property in the Northwest Territories; and the Ellesmere Island, Nunavut Territory coal property. Cautionary Note: This report contains forward looking statements, particularly those regarding cash flow, capital expenditures, and investment plans. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that may or may not occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors.
1 Year West Hawk Development Corp. Chart |
1 Month West Hawk Development Corp. Chart |
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