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Shareholders Meetings Held To Approve Proposed Plan Of
Arrangement And Qualifying Transaction
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Redhawk Resources, Inc. ("Redhawk") and OMC Capital Corporation ("OMC")
announce, further to their joint news releases dated November 22, 2006
and December 18, 2006 wherein Redhawk and OMC announced a transaction
whereby OMC will acquire the ReMac Zinc project from Redhawk in
exchange for the issuance to Redhawk of common shares in its capital,
which transaction shares would subsequently be distributed to Redhawk
shareholders by way of a plan of arrangement (the "Transaction"), which
transaction would constitute a qualifying transaction for OMC (the
"Proposed Qualifying Transaction"), that: (i) the Redhawk shareholders
approved the Transaction at the Redhawk Special Shareholders Meeting
held on April 4, 2007; and (ii) the OMC shareholders approved all
motions proposed by the board of OMC relating to the Proposed
Qualifying Transaction at the OMC Annual and Special Shareholders
Meeting held on April 4, 2007. The Supreme Court of British Columbia
granted its final order approving the plan of arrangement on April 5,
2007.
Closing of the Transaction is expected to occur prior to April 30,
2007.
Completion of the Proposed Qualifying Transaction is subject to a
number of conditions, including but not limited to, Exchange
acceptance. There can be no assurance that the Proposed Qualifying
Transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the management
information circular or filing statement to be prepared in connection
with the Proposed Qualifying Transaction, any information released or
received with respect to the Transaction may not be accurate or
complete and should not be relied upon. Trading in the securities of a
capital pool company should be considered highly speculative.
The TSX Venture Exchange Inc. has in no way passed upon the merits of
the Proposed Qualifying Transaction and has neither approved nor
disapproved the contents of this press release.
This news release may contain certain forward-looking statements that
reflect the current views and/or expectations of Redhawk Resources,
Inc. or OMC Capital Corporation with respect to its respective
performance, business and future events. Such statements are subject to
a number of risks, uncertainties and assumptions. Actual results and
events may vary for a variety of reasons, including but not limited to,
the resolution of the dispute referred to herein to OMC's satisfaction.
For further information please contact:
Redhawk Resources Inc.
Charles Pitcher, Chairman
Tel: (604) 633-5088
OMC Capital Corporation
Darryl J. Yea, President
Tel: (604) 699-2458
email: darryl.yea@investco.ca
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Copyright (c) 2007 REDHAWK RESOURCES INC. (RDK) All rights reserved.
For more information visit our website at
http://www.redhawkresources.com/ or send
mailto:inquiries@redhawkresources.com
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