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WHD West Hawk Development Corp.

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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 Announces Private Placement

28/05/2008 11:36pm

Marketwired Canada


West Hawk Development Corp. (TSX VENTURE:WHD)(FRANKFURT:H5N) ("West Hawk" or the
"Company") announces a non-brokered private placement of 8,100,000 units of the
Company at a price of $0.20 per unit, for aggregate proceeds to the Company of
$1,620,000.


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.


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.


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 Groundhog coal
property located in northwest British Columbia; the Tulita coal property located
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 will or may occur in the future.
Actual results may vary depending upon exploration and development activities,
industry production, commodity demand and pricing, currency exchange rates, and,
but not limited to, general economic factors.


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