West Hawk 10.00-million-share private placement

2008-06-25 17:36 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced March 28, 2008.

Number of shares: 10,007,500 shares

Purchase price: 20 cents per share

Warrants: 10,007,500 share purchase warrants to purchase 10,007,500 shares

Warrant exercise price: 40 cents for a two-year period

If, following four months from closing, the average trading price of the company's shares is equal to or greater than 60 cents, the company may give notice in writing to the warrantholders that the warrants will expire on the date set out in the notice, which date will not be less than 10 days after the date the notice is sent to the warrantholders.

Hidden placees: 30

Pro group: Shaun Chin, 25,000

Insider: William Mark Hart, 905,000

Finder's fee: $400 payable to Union Securities Ltd.