Redhawk Increasing Private Placement and Grants Stock Options
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Nov. 11, 2009) – Redhawk Resources, Inc. (“Redhawk” or the “Company”) (TSX VENTURE:RDK)(FRANKFURT:QF7) serve to the Company’s headlines recover of Nov 10, 2009 announcing a non-brokered in isolation chain (the “Private Placement”) it has increasing the in isolation chain to 4,687,500 units at a cost of $0.16 per section to lift sum deduction of $750,000. Each section consists of one usual share and one negotiable usual share squeeze warrant. Each share squeeze aver will be exercisable in to one one more usual share for a duration of dual years at a cost of $0.20 per share. The in isolation chain is theme to the acceptance of the TSX Venture Exchange.
The Company has postulated to consultants and insiders a sum of 2,000,000 inducement batch options at a cost of $0.22 per share theme to normal vesting arrangements. The choice grants have been theme to TSX Venture Exchange approval.
The Company has consummated the Investor Relations Agreement (the “Agreement”) with Gale Capital Corporation (“Gale Capital”) as voiced on Sep 14, 2009 and has cancelled the 700,000 inducement batch options postulated to Gale Capital as partial of the Agreement.
About Redhawk
Redhawk is a Canadian-based apparatus scrutiny and growth association with first concentration on the took off growth of the modernized theatre Copper Creek copper-molybdenum plan in San Manuel, Arizona. The Company additionally has a gold/silver skill in Nevada.
The 100% owned Copper Creek skill consists of we estimate 7 block miles of roughly all constant law and unpatented mining claims and state prospecting permits, located about 70 miles northeast of Tucson, Arizona and about fifteen miles easterly of San Manuel. The skill is in the inclusive southwest US porphyry copper leather leather leather belt at the projected intersection of a vital northwest leather leather leather belt of porphyry copper deposits or mines (Ray, Miami/Globe, Superior/Resolution, Johnson Camp) and a vital east-northeast leather leather leather belt of porphyry deposits (San Manuel/Kalamazoo, Silver Bell, Lakeshore, Safford, Morenci). The skill is inside of steer of the former BHP Kalamazoo/San Manuel copper smelter and cave and inside of thirty miles of an existent handling copper smelter. The area is a mining permitted and politically secure place with glorious and straightforwardly permitted infrastructure.
ON BEHALF OF THE BOARD
J. Stephen Barley, Managing Director
The forward-looking report contained in this press recover is done as of the date of this press recover and, solely as compulsory by germane law, Redhawk does not commence any requisite to refurbish publicly or to correct any of the enclosed forward-looking information, either as a outcome of brand new information, destiny events or otherwise. By the really nature, such forward-looking report requires Redhawk to have assumptions that might not manifest or that might not be accurate. This forward-looking report is theme to well known and different risks and uncertainties and alternative factors, that might means tangible results, levels of wake up and achievements to talk about materially from those voiced or pragmatic by such information.
Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts shortcoming for the endowment or correctness of this release.
