Nighthawk Completes $6 Million Non-Brokered Private Placement

29 June 2016

TORONTO, ONTARIO--(Marketwired - June 29, 2016) 

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

Nighthawk Gold Corp. ("Nighthawk" or the "Company") (TSX VENTURE:NHK) is pleased to announce that it has completed its previously announced non-brokered private placement (the "Offering"), pursuant to which the Company issued 4,444,444 common shares (the "Common Shares") at a price of $0.225 per Common Share and 16,666,667 common share, which qualify as a "flow-through shares" within the meaning of the Income Tax Act (Canada) ("FT Shares") at a price of $0.30 per FT Share for aggregate gross proceeds of $6,000,000. 

The gross proceeds from the sale of the FT Shares will be used for exploration on Nighthawk's Indin Lake Gold Property located in the Northwest Territories. The net proceeds from the sale of the Common Shares will be used for general working capital purposes.