On March 2, 2017, Nighthawk Gold Corp. announced the completion of a $25.1 million offering led by PI Financial Corp. Pursuant to the offering, a total of 12,365,593 flow-through units were issued at a price of $0.93 per unit, and 16,428,573 units at a price of $0.70 per unit for total gross proceeds of $23,000,002. Nighthawk also completed a non-brokered private placement in which the company issued 3,027,926 units at a price of $0.70 per unit for aggregate gross proceeds of $2,119,548. The gross proceeds from the sale of the flow-through units will be used for general exploration expenditures on Nighthawk’s Indin Lake Gold Property located in the Northwest Territories. The net proceeds from the sale of the units under the offering and the gross proceeds from the sale of the units under the non-brokered offering will be used for general working capital purposes.
Fasken advised the syndicate of underwriters with a team led by Bradley Freelan.
