Business
HAWKEYE Closes Sale of its BC Golden Triangle Properties to Newcrest
(TheNewswire) Vancouver, British Columbia, Canada – TheNewsw...
About this update from Hawkeye Gold & Diamond Inc.
[{"type":"text","content":"HAWKEYE Closes Sale of its BC Golden Triangle Properties to Newcrest\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n Vancouver, British\nColumbia, Canada –\n \n \n \n \n TheNewswire – June 22, 2022 -\n \n \n \n \n HAWKEYE Gold & Diamond\nInc. (the “Company” or \"HAWKEYE\")\n(TSXV:HAWK\n \n \n \n \n )\n \n \n \n \n ;\n \n \n \n \n (OTC:HWKDF)\n \n \n \n \n (\n \n \n \n \n Frankfurt Ticker: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: CA42016R3027):\n \n \n \n is pleased\nto announce\n \n \n \n it has closed upon the sale of its\nMcBride, Railway, Boomerang and Todagin properties (“Properties”)\nto Newcrest Red Chris Mining Ltd. (“Newcrest”), a wholly-owned\nsubsidiary of Newcrest Mining Limited (ASX, TSX, PNGX: trading symbol\n \n \n \n NCM\n \n \n )\n \n \n \n , for total consideration of\nCAD$1,400,000.\n \n \n \n Of the $1,400,000, the\nCompany received $1,203,317.50 directly and directed Newcrest to pay\nthe remaining $196,682.50 to various third parties.\n \n \n \n \n \n The sale is also subject to a royalty agreement in favour of Hawkeye\nby way of a separate royalty agreement further described below.\n \n \n \n The Transaction was finalized through an\nAsset Purchase Agreement between the Company and Newcrest dated March\n18, 2022 (the “Agreement”) which was announced by a news release\ndated March 21, 2022 (news release No. 373 – 2022\n \n \n \n ). The\nCompany received shareholder approval for the acquisition of the\nProperties by Newcrest at a Special Meeting of Hawkeye’s\nShareholders held on May 31, 2022.\n \n \n \n \n \n \n \n \n The Properties are located in Tahltan First Nation Territory\nstrategically situated in the Golden Triangle of northwest British\nColumbia with the McBride, Railway and Todagin properties being\nsituated contiguous to the border of and in close proximity to\nNewcrest’s (70% interest) and Imperial Metal Corporation’s (30%\ninterest) (TSX: III) Red Chris Mine.  The Boomerang Property is\napproximately\n \n \n \n 25 kilometres northwest of\nTeck\n \n \n Resources Limited’s\n \n \n and Copper Fox Metals Inc.’s Schaft Creek deposit and\napproximately 50 kilometres north of the Galore Creek dep...