Business
HAWKEYE Acquires Claims on Vancouver Island, Updates Barkerville Rock Sample Results
(TheNewswire) May 17, 2023 – TheNewswire - Vancouver, British Colu...
About this update from Hawkeye Gold & Diamond Inc.
[{"type":"text","content":"HAWKEYE Acquires Claims on Vancouver Island, Updates Barkerville Rock Sample Results\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n May 17, 2023 –\n \n \n \n \n TheNewswire -\n \n \n \n \n Vancouver, British Columbia, Canada - HAWKEYE Gold\n& Diamond Inc. (the “Company” or \"HAWKEYE\")\n(TSXV:HAWK\n \n \n \n \n )\n \n \n \n \n ;\n \n \n \n \n (\n \n \n \n \n Frankfurt:HGT\n \n \n \n \n )\n \n \n \n \n ;\n \n \n \n \n (\n \n \n \n \n WKN:A12A61\n \n \n \n \n )\n \n \n \n \n (\n \n \n \n \n ISIN:\n \n \n \n CA42016R4017\n \n \n \n ):\n \n \n \n announces that is has\nentered into a Sale and Purchase Agreement (the “Agreement”)\n \n \n to purchase three properties (the\n“Property”) located on the northern end of Vancouver Island,\nBritish Columbia, Canada. The 227.02-hectare Property is located\napproximately 110 kilometres northwest of Campbell River and 69\nkilometres southeast of Port Hardy.  The Property encompasses the\nhistorical Bonanza Pit copper, gold, silver, zinc and magnetite skarn\nprospect, which has been subject to intermittent exploration over the\nyears since its discovery in 1959. The three properties are the same\nclaims that formed HAWKEYE’s original Bonanza property.  Upon\npurchase of the Property under the terms as described directly\nhereunder the Company will own a 100% interest in the Property and no\nnet smelter return royalty will be retained by the vendor.\n \n \n \n \n Terms of Sale\n \n \n \n \n \n \n HAWKEYE may purchase the Property by issuing the arm’s length\nvendor a total of 150,000 shares in the capital of the Company upon\nthe Property being transferred to the Company.  The shares will be\nissued with two different hold periods.  75,000 shares will be issued\nwith a resale restriction for six months from\n \n \n the date that the TSX Venture\n \n \n Exchange (TSX.V) issues its\nfinal bulletin confirming acceptance for the Agreement and the balance\nof 75,000 shares w\n \n \n ill be\nissued with a twelve month hold period from TSX.V acceptance for the\nacquisition.\n \n \n \n \n The Agreement is not subject to any finders’\nfees.\n \n \n \n \n Barkerville Rock Sample\nResults\n \n \n \n \n During August 2022 the Company completed various work\nprograms over its Barkerville p...