VANCOUVER, BC / ACCESSWIRE / November 7, 2019 / HAWKEYE Gold & Diamond Inc. (the 'Company' or 'HAWKEYE') (TSXV: HAWK)(Frankfurt Ticker: HGT; ISIN: CA42016R3027; WKN: A12A61): is pleased to announce that HAWKEYE has received TSX Venture Exchange (TSX.V) acceptance for a Sale and Purchase Agreement (the 'SAPA') with an arms-length vendor to acquire a 100% interest in the Klastline property (the 'Property') which totals 654.47 hectares and is located approximately 12 kilometres east-northeast of the Village of Iskut, BC, Canada.
Under terms of the SAPA, HAWKEYE is required to issue the vendor 600,000 shares in the capital of the Company within thirty (30) days of TSX.V acceptance for the agreement to acquire a 100% interest in the Property. HAWKEYE has issued the shares and now owns a 100% interest in the Klastline Property. The Company is also required to issue an additional 250,000 shares to the vendor within ninety (90) days of the completion of a Preliminary Economic Assessment (PEA) report. The shares were issued with a four month hold period expiring March 5, 2020. The acquisition is not subject to an NSR.
Two of the Property claims are contiguous to the southwestern border of HAWKEYE's McBride Property and the northwest border of the Newcrest Red Chris mine. The other two claims are contiguous to HAWKEYE's McBride and Railway properties to the northwest, all situated within the Red Chris Mining District of the BC Golden Triangle located in northwest British Columbia.
HAWKEYE Gold & Diamond Inc. is a junior mineral exploration and development company based in Vancouver, British Columbia, Canada. The Company's precious and base metals properties are located in the prolific Golden Triangle of northwest BC, in the world-class Barkerville gold camp, and on Vancouver Island, BC, Canada. HAWKEYE's corporate mandate is to build strong asset growth and shareholder value through the acquisition of low-cost, high-potential opportunities with discovery potential, and to manage its business in an environmentally responsible manner while contributing to the local community and economy.
HAWKEYE GOLD & DIAMOND INC.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Notes Regarding Forward Looking Statements
This News Release contains forward-looking statements. Forward-looking statements are statements that relate to future events. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our industry, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.
SOURCE: HAWKEYE Gold & Diamond Inc.
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