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Message: West Hawk Company Update
| February 19, 2009 |
| West Hawk Company Update |
| DENVER, COLORADO--(Marketwire - Feb. 19, 2009) - West Hawk Development Corp. (TSX VENTURE:WHD) (the "Company") would like to announce that West Hawk Energy (USA), LLC., (WHE), has hired the law firm of Brownstein, Hyatt, Farber, Schreck as specialists for West Hawk Energy (USA), LLC., reorganization plan. WHE management interviewed 3 firms prior to selecting this firm. West Hawk Energy has also hired Chiron Financial Advisors. Chiron will be working along with West Hawk Energy and Brownstein, Hyatt, Farber, Schreck in order to secure financing as part of the reorganization plan. The Company is still anxiously awaiting the arrival of the equity contribution from Lu'an Mining Group. Lu'an approved the equity contribution during 2008. Dr. Jinsheng Chen, President and CEO of Asian Operations, has been working diligently on securing this equity contribution since the time of its approval. Lu'an has stated that the regulatory process and the worldwide financial crisis are responsible for the delay. The Company has signed a consulting agreement with Roger A. Baer. Mr. Baer will be providing the Company with accounting assistance. The Company has also hired "two degrees", consulting firm, to perform accounting services and Sierra Capital, LLC., to assist in providing financial advice for the Company. "Though the Company continues to face challenges in light of the current worldwide financial crisis, the Company is working diligently to get through this extraordinary situation," said Gonzalo Torres Macchiavello, President and Chief Executive Officer, West Hawk Development Corp. On behalf of the Board of Directors, Gonzalo Torres Macchiavello, President and Chief Executive Officer |
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