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Hawk Uranium Inc.

Publié le 02 septembre 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

 


 

SnapMail is a Service of www.RMC.mobi

Hawk Uranium Inc.
2500 – 120 Adelaide St.W.
Toronto, Ontario
Canada M5H 1T1


Tel: 416-214-2250
Toll: 866-214-9486
Fax: 416-367-1954

info@hawkuranium.com
www.hawkuranium.com

.

Hawk Uranium Inc.

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CODE : HUI.V
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Hawk Uranium est une société d’exploration minière d'uranium basée au Canada.

Ses principaux projets en exploration sont GRAND CALUMET, CLUFF LAKE PROPERTY, CHARLEBOIS LAKE, CORTEZ PROPERTY, BIG MAC/MACNUGGET et HOLDSWORTH au Canada.

Hawk Uranium est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 4,0 millions CA$ (4,0 millions US$, 3,0 millions €).

La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 0,49 CA$, et son plus bas niveau récent le 24 décembre 2008 à 0,02 CA$.

Hawk Uranium possède 52 935 000 actions en circulation.

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Financements de Hawk Uranium Inc.
30/04/2010Adds Common Share Units to Private Placement - April 30
22/01/2010Announces Repricing of Warrants - January 22, 2010
20/01/2010Announces Proposed Repricing of Warrants -
07/01/2010Announces Closing of Private Placement - J
12/02/2009Amendments to Terms of Warrants
19/01/2009Extends Term on Warrants
11/12/2008Proposes Amendments to Warrants
Nominations de Hawk Uranium Inc.
02/09/2009Appoints Robert S. Stewart as CEO: Undertakes $750,000
Projets de Hawk Uranium Inc.
23/06/2009(Holdsworth)Signs Contract for Auger Drill Program - Holdsworth, On
25/02/2009(Mc Fauld's Lake)Terminates Interest in Noront Resources/Hawk JV Proper
13/01/2009(Holdsworth)Holdsworth Drill Results - January 13, 2009
14/07/2008(Holdsworth)Extends Soocana Vein to 750m, Chip Sample returns 42.5
09/07/2008(Holdsworth)Mobilizes Drill Rig onto Holdsworth - July 8, 2008
Communiqués de Presse de Hawk Uranium Inc.
04/05/2010Announces Closing of First Tranche of Private Placement
01/03/2010Completes Issuance of Shares - March 1, 2010
16/12/2009Announces Resignation of Robert S. Stewart - December 1
27/11/2009Sells Cluff Lake Uranium Claims - November 27, 2009
20/11/2009Completes Issuance of Shares to Service Providers - Nov
10/11/2009Enters into Letter of Intent for Ghanaian Mining Claims
18/08/2009Not to Proceed with Acquistion of Sonora, Mexico Proper
27/07/2009Hawk Proceeding with Initial
01/06/2009Acquire Gold Property in Sonora, Mexico - June 1, 20
11/03/2009Acquires Additional Uranium Claims In N. Saskatchewan -
09/03/2009Results of Shareholders' Meeting - Mar.6, 09
21/11/2008Extends Loan to Wits Basin Precious Minerals Inc
03/09/2008 Amends PR Agreement
13/08/2008Receives Additional Gold and Silver Results from Holdsw
28/07/2008Obtains extension on Payment Installment for Cortez Pro
02/07/2008 Commences Exploration on Cortez Property - July 2, 2008
02/06/2008Launches Corporate Website
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