![](../style/all/img/drapeau/grand/Canada.gif) | | Published : September 02nd, 2009 | Appoints Robert S. Stewart as CEO: Undertakes $750,000 |
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Hawk Uranium Appoints Robert S. Stewart as Chief Executive Officer:
Undertakes $750,000 Private Placement
Toronto, September 2, 2009 –
Hawk Uranium Inc. (TSX-V:HUI, FRANKFURT:HPM) (“Hawk���) is pleased to announce the
appointment of Mr. Robert S. Stewart
as the Company's Chief Executive Officer effective September 2, 2009.
Mr. Stewart is an international mining executive with over forty years of
experience in the mining and finance industries, in Canada, Europe and Africa.
He brings a wealth of experience in the exploration and development of
mines, mills, smelters and petroleum projects, as well as expertise in
project financing for the development of several world-class mining and
petroleum projects. In addition, Mr. Stewart has acted as consultant and
international negotiator with governments, financial institutions, unions
and investors.
Currently Chairman, CEO and a Director of TransAmerica
Minerals Corporation and Interop A.G., Mr.
Stewart has served as Chairman of America Mineral Fields and CEO of Ocelot
International, Tangas A. G. and Camgas A. G. He is a Director of ICS Copper Services
LLC (TSX-V: ICX). Mr. Stewart has also acted as consultant to senior
management of Bechtel Civil and Minerals Inc., Holcim
A.G., Commonwealth Development Corp., Krupp Stahlexport
GmbH, Falconbridge Ltd and Sherritt.
Mr. Stewart started his career with Hudson’s
Bay Mining in the base and precious metal mines in Northern Manitoba,
Canada, working both in the mines and as a bush pilot. From there he
transferred to East, Central and Southern Africa where he financed,
developed, bought or sold a number of large mining, petroleum and
infrastructure projects with partners that have included Falconbridge Ltd.,
American Mineral Fields Inc., Electrowatt A.G.
Switzerland, CDC Group Plc. London and Sir Alexander Gibb and Partners Plc
(London).
Mines which Mr. Stewart discovered, developed, or contributed significantly
to include Ruttan Lake Copper Mine, Kilembe Copper/Cobalt Mines Limited, Kolwezi Cobalt
Tailings Project, Lynn Lake Gold Mine, Snow Lake Gold Mine, and the OMCO
Copper Mine in Oman.
In addition, he initiated the billion dollar Songo Songo natural
gas-to-electricity project in Tanzania
and the Sanaga Sud
natural gas field in Cameroon.
Mr. Stewart also wrote the $50 billion Master Plan for the Reconstruction
of the Democratic Republic
of the Congo (including all mining
projects) on behalf of Bechtel Corporation.
A duel citizen of Canada
and Switzerland,
Mr. Stewart is fluent in English, French, German, Swiss German and numerous
African dialects. He is a graduate of the University of Manitoba
(Political Economist).
Mr. Stewart will have overall responsibility for the day-to-day activities
of Hawk. He will work with the board and senior management in developing
and implementing the Company's strategic growth plan.
Mr. H. Vance White, current Chief Executive Officer said, "We are
delighted that Robert has agreed to join Hawk. As an important member of
our senior management team, I have no doubt that his exemplary track record
and experience in the mining industry will contribute to the achievement of
our vision to build a diverse mining company operating in mining friendly
jurisdictions. His experience, specifically in West Africa, will add
tremendous value as we pursue current expansion opportunities into other
mining jurisdictions, including Africa."
"This is an important step in Hawk’s
development and I am confident that Robert will guide the company to new
levels of profitability, activity and growth and enhance shareholder
value." said Vance White. "His financial acumen, project
expertise and leadership combined with our existing management strength
will provide the foundation for successfully growing our operations over
the coming years. This appointment represents the first of several changes
to our structures as we move towards becoming a producing Canadian mining
company."
Mr. H. Vance White, who has served as President since 2003, will, as of
September 2, 2009, assume the position of Chairman of Hawk Uranium Inc. Mr.
Stewart will be appointed to the Board of Directors at the next meeting of
the Board.
Private Placement
Hawk is also pleased to announce its intention to undertake a non-brokered
private placement (the “Private Placement���) of up to 10,000,000 common share units (each, a “Unit���) at a price of
$0.075 per Unit for aggregate proceeds of $750,000.00. Each Unit will comprise one common share in the
capital of Hawk (a “Common Share���) and one half of one
purchase warrant (a “Warrant���), each whole
warrant being exercisable into one common share for three years from the
date of issue at a price of $0.15 per share
in the first year, $0.20 per share in the second year and $0.25 per share
in the third year. In connection with this offering, Hawk may pay a finder’s fee of 7% of the funds raised, payable in
cash or common shares of Hawk, as well as issue broker warrants exercisable
for 7% of the number of units placed.
The net proceeds from the Private Placement will be used to fund Hawk's
exploration and development programs on current and future properties,
properties and interests (including possible expansion opportunities in
Africa), and to fund general and administrative expenses.
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 Gold in N. Ontario, Uranium in N.
Saskatchewan, Ontario and Quebec, and Nickel/Copper/PGM in the ‘Ring of Fire��� McFauld’s Lake Area of N. Ontario.
Hawk is committed to building value through acquisition, production,
expansion and discovery.
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
Phone: 866-214-9486
Fax: 416-367-1954
Corinna de Beer, Investor Relations
Phone: 416-792-0343
eMail: ir@hawkuranium.com
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Hawk Uranium Inc.
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EXPLORATION STAGE |
CODE : HUI.V |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Hawk Uranium is a uranium exploration company based in Canada. Its main exploration properties are GRAND CALUMET, CLUFF LAKE PROPERTY, CHARLEBOIS LAKE, CORTEZ PROPERTY, BIG MAC/MACNUGGET and HOLDSWORTH in Canada. Hawk Uranium is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 4.0 millions as of today (US$ 4.0 millions, € 3.0 millions). Its stock quote reached its highest recent level on December 31, 2007 at CA$ 0.49, and its lowest recent point on December 24, 2008 at CA$ 0.02. Hawk Uranium has 52 935 000 shares outstanding. |
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