On May 2, 2024, Hawkeye Gold & Diamond Inc. closed the transaction. The company has now issued 1,200,000 units at an issue price of CAD 0.05 per unit for the gross proceeds of CAD 60,000. Each such warrant entitling the holder to acquire one additional common share at a price of CAD 0.10 per common share for a period of twenty-four months expiring May 1, 2026. With regards to the share purchase warrants, if at any time the company?s common shares have a closing price of CAD 0.15 or more per share for ten consecutive trading days on the TSX Venture Exchange, the company shall be entitled to give notice to the holders of the warrants issued pursuant to the common units that such warrants will expire thirty days from the date of mailing of such notice or the news release of such notice, unless such warrants are exercised before the expiry of that period, and in such event all unexercised warrants will expire at 4:30 p.m. (Vancouver time) on the last day of such thirty day period. None of the warrants issued pursuant to the Offering will be listed for trading. The Common Units and the underlying securities issued pursuant to the private placement will be subject to a four month plus one day hold period expiring September 2, 2024. There is a total of CAD 3,600 in cash for finder?s fees payable in connection with this placement.

The company has raised that the TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from four placees.