1 November 2016
TORONTO, ONTARIO--(Marketwired - Nov. 1, 2016) - 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"), including a strategic investment by Kinross Gold Corporation ("Kinross"). Kinross now holds approximately 9.4% of Nighthawk's issued and outstanding common shares on an undiluted basis.
Pursuant to the Offering the Company issued 6,170,000 common shares (the "Common Shares") at a price of $0.50 per Common Share and 10,769,231 common shares, which qualify as "flow-through shares" within the meaning of the Income Tax Act (Canada) ("FT Shares") at a price of $0.65 per FT Share for aggregate gross proceeds of $10,085,000.