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Hawk Completes Issuance of Shares to Service Providers
Toronto, November 20, 2009 – Hawk Uranium Inc. (TSX-V:HUI, FRANKFURT:HPM) (“Hawk”) announces that following TSX Venture Exchange (“Exchange”) approval of a shares-for-debt settlement with service providers (see Hawk's press release of November 2, 2009), Hawk has issued an aggregate of 563,021 common shares at a deemed price of $0.10 per share to five parties to settle an aggregate debt of $56,302.31 for services rendered from February 1, 2008 to July 31, 2009.
In addition, the Exchange has conditionally approved a shares-for-debt settlement with three service providers who are also officers of Hawk, subject to Hawk obtaining majority approval of its disinterested shareholders. Hawk proposes to issue an aggregate of 261,620 common shares at a deemed price of $0.10 per share to those three service providers to settle an aggregate debt of $26,162.04 for services rendered from February 1, 2008 to July 31, 2009. Hawk intends to seek approval of a majority of its disinterested shareholders of this shares for debt settlement either at its next annual shareholders’ meeting or by written consent, as permitted under Exchange policies.
About Hawk Uranium Inc. Hawk Uranium Inc. is a Canadian based junior mining company with a portfolio of diversified exploration projects at various stages of exploration and drilling, for Uranium in N. Saskatchewan, Ontario and Quebec, Gold in N. Ontario and Nickel/Copper/PGM in the ‘Ring of Fire’ McFauld’s Lake Area of N. Ontario.
More detailed information is available on the website at www.hawkuranium.com.
Cautionary Statement: Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
The foregoing information may contain forward-looking statements relating to the future performance of Hawk Uranium Inc. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from Hawk's plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by Hawk with the TSX Venture Exchange and securities regulators. Hawk does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.
Contacts: Hawk Uranium Inc. H. Vance White, Chairman Phone: 416-214-2250 Fax: 416-367-1954
Robert S. Stewart, President and CEO Phone: 480-778-8345
Corinna de Beer, Investor Relations Phone: 416-792-0343 eMail: ir@hawkuranium.com ..
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