Hawthorne Gold Corp. (TSX-V: HGC) has arranged for a private placement with China Mineral Holdings Ltd., consisting of up to 20,254,078 special warrants for a price of $0.29 per special warrant resulting in gross proceeds of up to $5,873,683.
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Each special warrant enables the subscriber to receive one unit consisting of 1 common share of the company and 1/2 of a transferable common share purchase warrant. A whole warrant enables its holder to purchase 1 common share of the company for $0.39 per warrant share, for an 18 month period from closing.
Hawthorne Gold Corp. is a Canadian-based gold exploration and development company with key properties located in British Columbia, Canada. Hawthorne is led by well-respected mining leaders Richard Barclay and Michael Beley.
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