Business
Hawthorn Resources Announces Closing of Initial Public Offering and Resumption of Trading
VANCOUVER, B.C. (February 23, 2023) Hawthorn Resources Corp. (CSE: HWTN) (“Hawthorn” or the “Company”) is pleased to announce that it has closed its initial pub
About this update from Prince Silver Corp.
[{"type":"text","content":"VANCOUVER, B.C. (February 23, 2023) Hawthorn Resources Corp. (CSE: HWTN) (“Hawthorn” or the “Company”) is pleased to announce that it has closed its initial public offering (the “Offering”) of common shares of the Company (the “Shares”) under the Company’s final prospectus dated November 30, 2022 (the “Prospectus”), pursuant to the agency agreement dated November 30, 2022 (the “Agency Agreement”) between the Company and Haywood Securities Inc. (“Haywood”). A total of 5,000,000 Shares at a price of $0.10 per Share were sold under the Offering, for aggregate gross proceeds of $500,000. The Shares were listed on the Canadian Securities Exchange (the “CSE”) effective February 22, 2023 and halted pending completion of the Offering. The Company anticipates that the Shares will resume trading on the CSE on Friday, February 24, 2023 under the symbol “HWTN”. Pursuant to the Agency Agreement, the Company paid Haywood a cash commission equal to 7% of the gross proceeds of the Offering, a cash corporate finance fee of $20,000 plus applicable taxes, issued 100,000 Shares to Haywood plus paid applicable taxes, and issued to Haywood and its selling group members, non\u0002transferable share purchase options to acquire an aggregate of 350,000 Shares with an exercise price of $0.10 per Share for a period of 24 months from the closing of the Offering. About Hawthorn Resources Corp. Hawthorn Resources Corp. is a mineral exploration company that will acquire and explore mineral properties. For further information, please refer to the Company’s disclosure record on SEDAR (www.sedar.com). On Behalf of the Board of Directors Daniel Joyce, Director, President and CEO Forward-Looking Information Certain statements in this news release are forward-looking statements, including with respect to future plans, and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. Some of the specific forward-looking information in this news release includes, but is not limited to, statements with respect to: the timi...