8 June 2021
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TSX: NHK
TORONTO, June 8, 2021 /CNW/ - Nighthawk Gold Corp. ("Nighthawk" or the "Company") (TSX: NHK) (OTCQX: MIMZF) is pleased to announce that it has entered into an agreement, with a syndicate of underwriters led by Sprott Capital Partners, pursuant to which the underwriters have agreed to purchase, or arrange for substituted purchasers to purchase, 6,100,000 units ("Units") and 8,600,000 flow-through units (the "FT Units") on a bought deal basis (the "Offering") for aggregate proceeds of approximately $20 million.
Keyvan Salehi, President and CEO commented, "We have received tremendous support for the new strategy we laid out at the beginning of the year. The additional capital will allow us to achieve the planned 75,000 metres of drilling for 2021 (45,000 metres as part of Phase I currently underway, and 30,000 metres for Phase II). As well, this capital raise gives us some cushion to start our 2022 drilling season, where we are targeting upwards of 125,000 metres of drilling.
I am very excited to see our vision start to unfold as we have started to receive assay results that support our strategy of targeting near-surface mineralization for mineral resource growth."