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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 | |
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0.00 | 0.00% | 0 | - |
West Hawk Development Corp. (TSX VENTURE:WHD)(FRANKFURT:H5N) (the "Company") is pleased to announce the closing of 1,845,850 units (the "Units") at a price of $0.20 per Unit (the "Offering") for gross proceeds of $369,170, which represents the remainder of the previously announced non-brokered private placement. A combined 6,658,350 units have been issued from both tranches of the private equity placement for total proceeds of $1,331,670. 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 in the second tranche will be subject to a hold period until May 19, 2008. The aggregate proceeds raised will be used by the Company 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 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 Tulita coal property in the Northwest Territories; the Groundhog coal property located in northwest British Columbia; and the Ellesmere Island, Nunavut Territory coal property.
1 Year West Hawk Development Corp. Chart |
1 Month West Hawk Development Corp. Chart |
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