Cavallino Investment Corp.

May 03, 2010 13:43 ET

Cavallino Investment Corp. Presents Hawkeye Gold & Diamond Inc. With Requisition for General Meeting

EDMONTON, ALBERTA---(Marketwire - May 3, 2010) - Cavallino Investment Corp. ("Cavallino", or "CIC" or the "Dissident") and certain other dissatisfied shareholders of Hawkeye Gold & Diamond Inc. ("Hawkeye" or "HGO") has formally served Hawkeye with a Requisition for a Meeting of the Shareholders of Hawkeye. The purpose of the meeting is to remove the current board, to elect a new board to fill the vacancies left by the current board and to conduct any other business that may properly come before the meeting.

The action is a result of the failure of Hawkeye to carry out certain undertakings provided to the Dissident Shareholders in advance of their participation in a Hawkeye financing in the late fall of 2009 and the consequent erosion of shareholder value. 

Cavallino will provide information on this action as developments occur.

About Cavallino

Cavallino Investment Corp is a private merchant banking company headquartered in Edmonton, Alberta which focuses on high impact early stage resource exploration equity financings and high yield debt project development financings.

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