Gold Hawk Resources Inc.

Gold Hawk Resources Inc.

October 13, 2009 06:56 ET

Gold Hawk Mails Meeting Information Circular This Week

Information circular to be mailed to shareholders includes resolutions for Nyrstar transaction, share consolidation and option plan amendment

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 13, 2009) - Gold Hawk Resources Inc. ("Gold Hawk" or the "Company") (TSX VENTURE:CGK) announces that the Company's Board of Directors has approved the Notice of Meeting and management's Information Circular regarding the upcoming Special Meeting of Shareholders.

Important information to make an informed decision regarding the resolutions under consideration is included in the Information Circular that is being mailed to shareholders of record this week. Gold Hawk's Board of Directors recommends that shareholders vote in favour of several resolutions at the upcoming special meeting of shareholders November 9 and as further described in the Information Circular, including:

  • authorize the sale of 85% of the Coricancha Mine to Nyrstar Netherlands (Holdings) BV or its Nominee and retain an indirect interest of 15%;
  • authorize the consolidation of the issued and outstanding common shares of the Company on the basis of every 25 common shares of the Company into 1 common share of the Company; and,
  • amend the 2009 stock option plan to create a rolling plan to attract and retain qualified personnel.

The Information Circular contains full details of the proposed resolutions. The Nyrstar transaction is subject to all requisite regulatory approvals as well as shareholder approval. Shareholders of record as of October 5, 2009 will receive ballots by mail to vote either in person or by proxy representation at the meeting. At least 66 2/3% of the votes cast by the Gold Hawk shareholders are needed to approve the Nyrstar transaction and related matters.

The directors and officers of the Corporation, who are Shareholders, as a group, own or exercise control or direction over approximately 20% of the outstanding Common Shares of the Corporation.

Those directors and officers of the Corporation who approved of the Coricancha Sale and who are Shareholders intend to vote their Common Shares in favour of the Sale Resolution.

About Gold Hawk Resources Inc.
Gold Hawk (TSX VENTURE:CGK) is a Canada-based precious metals company with reserves and resources containing gold, silver, lead, zinc and copper and a near-term production project at the Coricancha Mine and 600 tonnes of ore per day processing facility, located 90kms east of Lima, Peru. The Company has all permits required for the re-start of the mine.

Gold Hawk is based in Vancouver, Canada and is operated by an experienced management team. Gold Hawk and its wholly owned subsidiary, Compania Minera San Juan (Peru) S.A. also have exploration properties in Peru and Canada (Quebec).

This document may contain "forward-looking statements" within the meaning of Canadian securities legislation. These forward-looking statements are made as of the date of this document and Gold Hawk Resources Inc. (hereinafter referred to as the "Company") do not intend, and do not assume any obligation, to update these forward-looking statements. Forward-looking statements relate to future events or future performance and reflect management of the Company's expectations or beliefs regarding future events and include, but are not limited to, statements with respect to the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital expenditures, success of mining operations, commodity prices, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of resources; possible variations in ore reserves, grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; as well as those factors detailed from time to time in the Company's interim and annual financial statements and management's discussion and analysis of those statements, all of which are filed and available for review on SEDAR at Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Neither the 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.

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