Hawk Resources Rights Issue Results
Key points
- Rights issue raises $1.11 million
- Funds for exploration in Australia and USA
- Strong support from directors
Full summary
Hawk Resources Limited (ASX: HWK) announced the successful completion of its non-renounceable pro-rata entitlement offer, raising $1.11 million from shareholders. The funds will be directed towards exploration activities at the Olympus Scandium project in Western Australia and the Cactus and Meerkat copper projects in Utah and Arizona, USA. The Company's directors demonstrated their commitment by fully participating in the rights issue, raising $53,695. The shortfall offer will be addressed separately, with any excess funds refunded to scaled-back shareholders. New shares and options are expected to be issued on June 26, 2026.
Guidance
None
Outlook
None
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