Gold Hawk Resources Inc.
TSX VENTURE : CGK

Gold Hawk Resources Inc.

December 06, 2006 09:00 ET

Gold Hawk Resources Inc.: Accelerated Warrant Expiry Date Reminder

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 6, 2006) - Gold Hawk Resources Inc. ("Gold Hawk" or the "Company") (TSX VENTURE:CGK) would like to remind the holders of the warrants (the "Warrants") of Gold Hawk that were issued under the warrant indenture (the "Warrant Indenture") dated March 7, 2006 between the Company and Computershare Trust Company of Canada (the "Warrant Agent") upon the exchange of the subscription receipts (the "Subscription Receipts") of Gold Hawk dated March 7, 2006 that in accordance with the terms of the Warrant indenture and the Warrants, Gold Hawk has accelerated the expiry date of the Warrants and the Warrants will expire on December 19, 2006. (See Press Release dated November 30, 2006).

In March 2006, Gold Hawk completed the private placement of 65 million Subscription Receipts at a price of $0.25 per Subscription Receipt. The Subscription Receipts were exchanged for an aggregate of 65 million common shares of Gold Hawk and 32.5 million Warrants. Each Warrant entitled the holder thereof to purchase one common share of Gold Hawk at a price of $0.35 until March 6, 2008, provided that if at any time after July 8, 2006 the closing price of the common shares of Gold Hawk on the TSX Venture Exchange was greater than $0.40 for 20 or more consecutive days, Gold Hawk could give notice to the holders of Warrants that the expiry date for the exercise of the Warrants has been accelerated and the Warrants would expire on the 20th calendar day following the date such notice was mailed.

As of the close of business on November 28, 2006, the closing price of the common shares of Gold Hawk on the TSX Venture Exchange had been greater than $0.40 for more than 20 consecutive trading days. In accordance with the terms of the Warrant Indenture and the Warrants, on November 29, 2006, Gold Hawk mailed a notice to each of the registered holders of Warrants notifying them that the expiry date of the Warrants had been accelerated and that the Warrants will expire on December 19, 2006. If the Warrants are not exercised by 5:00 p.m. Toronto time on December 19, 2006, the Warrants will expire valueless.

Each registered holder of Warrants is entitled to subscribe for and to purchase, at any time prior to 5:00 P.M., Toronto time, on December 19, 2006 Common Shares issuable upon the exercise of his Warrants, on the basis of one Common Share for each one Warrant, at an exercise price of $0.35 (Canadian) per Common Share, by surrendering the following to the Warrant Agent (Computershare Trust Company of Canada):

1. the warrant certificate (the "Warrant Certificate") representing the Warrants;

2. a subscription form (FORM 1) properly completed and executed which attached to the Warrant Certificate; and,

3. a certified cheque, bank draft or money order in lawful money of Canada payable to or to the order of Computershare Trust Company of Canada, for the total purchase price of the Common Shares so subscribed for and purchased.

Submission of the above items should be forwarded to the Warrant Agent at the following address:



Computershare Trust Company of Canada
Attention: Nathalie Gagnon, Corporate Trust
1500 University Street, suite 700
Montreal, Quebec H3A 3S8 Canada


The above is only a summary, and registered Warrant holders should refer to their warrant certificate for complete instructions.

The Warrant Certificate, the subscription form (FORM 1), and a certified cheque, bank draft or money order will be deemed to be surrendered to the Warrant Agent only upon personal delivery thereof or, if sent by post or other means of transmission, upon receipt thereof by the Warrant Agent at the office specified above. If mail is used for delivery of a Warrant Certificate, for the protection of the holder, registered mail should be used and sufficient time should be allowed to avoid the risk of late delivery.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

Contact Information

  • Gold Hawk Resources Inc.
    Mr. Gordon F. Bub
    Chairman and C.E.O.
    (604) 689-9261
    or
    Gold Hawk Resources Inc.
    Mr. Larry Taddei, CA
    Vice President and Chief Financial Officer
    (604) 689-9266
    Website: www.goldhawkresources.com