31 July 2020
Nighthawk Gold Corp. is pleased to announce that, due to the high level of interest, it has increased the size of its non-brokered private placement (the “Offering”) to now raise aggregate proceeds of $12.0 million. The Offering now consists of: (i) up to 640,130 units (“Units”) comprised of one non flow-through common share and one-half of one common share purchase warrant (each whole warrant, a “Warrant”) to be issued on a non flow-through basis; (ii) up to 2,025,050 flow-through units (“Premium FT Units”) comprised of one flow-through common share and one-half of one Warrant to be issued on a non-flow-through basis; and (iii) up to 3,206,400 “flow-through” common shares (“FT Shares”). The other terms of the Offering remain unchanged from the Company’s news release dated July 29, 2020.
Any securities to be issued under the Offering will be subject to a hold period of four months and a day from the closing date of the Offering in accordance with the rules and policies of the Toronto Stock Exchange (“TSX”), and applicable Canadian securities laws and such other further restrictions as may apply under foreign securities laws. The Offering remains subject to the approval of the TSX.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.