West Hawk Development Corp.
TSX VENTURE : WHD

West Hawk Development Corp.

November 15, 2005 14:10 ET

West Hawk 5.06-Million-FT-NFT-Share Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 15, 2005) - West Hawk Development Corp. (TSX VENTURE:WHD) -

Shares Issued 26,083,997

Last Close 11/14/2005 $0.26

The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced Oct. 7, 2005:

Number of shares: 4.5 million non-flow-through shares and 561,112 flow-through shares

Purchase price: 40 cents per non-flow-through share, 45 cents per flow-through share

Warrants: 4,780,556 share purchase warrants to purchase 4,780,556 shares

Warrant exercise price: 50 cents for a two-year period

Number of placees: 14

Insider/pro group participation:

Maverix Fund Management (portfolio managed), 450,000 flow-through shares;

Sprott Asset Management Inc. total - 3,300,000 shares as follows:

Sprott Asset Management Inc. (Sprott Bull/Bear RSP Fund), 83,000 shares;

Sprott Asset Management Inc. (Carleton University Endowment), 75,000 shares;

Sprott Asset Management Inc. (Sprott Cdn Equity Fund), 1.31 million shares;

Sprott Asset Management Inc. (Sprott SAL Investments), 16,000 shares;

Sprott Asset Management Inc. (Sprott Opportunities Hedge Fund), 188,000 shares;

Sprott Asset Management Inc. (Sprott Energy Fund), 395,000 shares;

Sprott Asset Management Inc. (Sprott Custodied Funds), 1,233,000 shares

Agent: Max Capital Markets Ltd.

Commission: 8-per-cent cash ($181,000) and 10-per-cent agents warrants (560,000 warrants)

(C) 2005 Canjex Publishing Ltd.


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