19 December 2023
TORONTO, Ontario, December 19, 2023 – Nighthawk Gold Corp. (“Nighthawk” or the “Company”) (TSX: NHK) is pleased to announce that it has closed the previously announced “bought deal” subscription receipt concurrent private placement (the “Concurrent Financing”) that was being conducted in connection with the arrangement between Nighthawk and Moneta Gold Inc. (“Moneta”) (together with Nighthawk, “MergeCo”) announced on November 28, 2023 (the “Transaction”). Pursuant to the Concurrent Financing, Nighthawk issued 38,235,294 subscription receipts of Nighthawk (the “Subscription Receipts”) at a price of C$0.34 per Subscription Receipt for aggregate gross proceeds of C$13.0 million, which reflects a partial exercise of the Underwriters’ Option. Upon completion of the Transaction, the net proceeds of the Concurrent Financing are expected to be used by MergeCo to fund the exploration and advancement of the Tower Gold Project and Colomac Gold Project and for working capital and general corporate purposes. The Concurrent Financing was led by SCP Resource Finance LP and included BMO Capital Markets, Haywood Securities Inc., Laurentian Bank Securities Inc., National Bank Financial Inc., Paradigm Capital Inc., PI Financial Corp., and Stifel Nicolaus Canada Inc. (collectively, the “Underwriters”).