Gold Hawk Resources Inc.

Gold Hawk Resources Inc.

December 18, 2006 12:18 ET

Gold Hawk Resources Inc.-Issuance of Warrants to Co-Lenders

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 18, 2006) - Gold Hawk Resources Inc. ("Gold Hawk") (TSX VENTURE:CGK) is pleased to announce that its wholly-owned subsidiary, Compania Minera San Juan (PERU) S.A. (the "Company"), has concluded the previously announced debt facility amendment (Press Release dated November 17, 2006) with Natixis (formerly Natexis Banques Populaires) and Auramet Tradding, LLC (collectively the "Lenders"). The US$5 million Tranche B loan facility, which was to be used solely to support the potential acquisition activities of the Company, is now also available for the purpose of funding the capital requirements for the Coricancha Mine through June 30, 2007. In connection with this closing, Gold Hawk issued an aggregate of 500,000 warrants ("Warrants") to the Lenders. Each Warrant entitles the holder thereof to purchase one common share of Gold Hawk at a price of $0.445 until September 7, 2008. The Warrants and the common shares of Gold Hawk issuable upon exercise of the Warrants are subject to a "hold period" pursuant to applicable Canadian securities laws which expires on April 16, 2007.

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.
    Gold Hawk Resources Inc.
    Mr. Kevin Drover
    President and Chief Operating Officer