Cosa Resources Corp press release
Hawk Uranium Appoints Robert S. Stewart as Chief Executive Officer: Undertakes $750,000 Private Placement
TSXV - TSX Venture Exchange · Uranium · Copper · Helium · Hydrogen · Canada
Sep. 2, 2009 (TheNewswire.ca) --
Toronto, September 2, 2009 - Hawk Uranium (TSXV:HUI) (OOTC:HWKPF) Inc. (TSX-V:HUI, FRANKFURT:HPM)("Hawk") is pleased to announce the appointment of Mr. Robert S. Stewart as the Company's Chief Executive Officer effective September 2, 2009.
Mr. Stewart is an international mining executive with over forty years of experience in the mining and finance industries, in Canada, Europe and Africa. He brings a wealth of experience in the exploration and development of mines, mills, smelters and petroleum projects, as well as expertise in project financing for the development of several world-class mining and petroleum projects. In addition, Mr. Stewart has acted as consultant and international negotiator with governments, financial institutions, unions and investors.
Currently Chairman, CEO and a Director of TransAmerica Minerals Corporation and Interop A.G., Mr. Stewart has served as Chairman of America Mineral Fields and CEO of Ocelot International, Tangas A. G. and Camgas A. G. He is a Director of ICS Copper Services LLC (TSX-V: ICX). Mr. Stewart has also acted as consultant to senior management of Bechtel Civil and Minerals Inc., Holcim A.G., Commonwealth Development Corp., Krupp Stahlexport GmbH, Falconbridge Ltd and Sherritt.
Mr. Stewart started his career with Hudson's Bay Mining in the base and precious metal mines in Northern Manitoba, Canada, working both in the mines and as a bush pilot. From there he transferred to East, Central and Southern Africa where he financed, developed, bought or sold a number of large mining, petroleum and infrastructure projects with partners that have included Falconbridge Ltd., American Mineral Fields Inc., Electrowatt A.G. Switzerland, CDC Group Plc. London and Sir Alexander Gibb and Partners Plc (London).
Mines which Mr. Stewart discovered, developed, or contributed significantly to include Ruttan Lake Copper Mine, Kilembe Copper/Cobalt Mines Limited, Kolwezi Cobalt Tailings Project, Lynn Lake Gold Mine, Snow Lake Gold Mine, and the OMCO Copper Mine in Oman. In addition, he initiated the billion dollar Songo Songo natural gas-to-electricity project in Tanzania and the Sanaga Sud natural gas field in Cameroon. Mr. Stewart also wrote the $50 billion Master Plan for the Reconstruction of the Democratic Republic of the Congo (including all mining projects) on behalf of Bechtel Corporation.
A duel citizen of Canada and Switzerland, Mr. Stewart is fluent in English, French, German, Swiss German and numerous African dialects. He is a graduate of the University of Manitoba (Political Economist).
Mr. Stewart will have overall responsibility for the day-to-day activities of Hawk. He will work with the board and senior management in developing and implementing the Company's strategic growth plan.Mr. H. Vance White, current Chief Executive Officer said, "We are delighted that Robert has agreed to join Hawk. As an important member of our senior management team, I have no doubt that his exemplary track record and experience in the mining industry will contribute to the achievement of our vision to build a diverse mining company operating in mining friendly jurisdictions. His experience, specifically in West Africa, will add tremendous value as we pursue current expansion opportunities into other mining jurisdictions, including Africa."
"This is an important step in Hawk's development and I am confident that Robert will guide the company to new levels of profitability, activity and growth and enhance shareholder value." said Vance White. "His financial acumen, project expertise and leadership combined with our existing management strength will provide the foundation for successfully growing our operations over the coming years. This appointment represents the first of several changes to our structures as we move towards becoming a producing Canadian mining company. (OOTC:CNGCF) (TSXV:CNG) "
Mr. H. Vance White, who has served as President since 2003, will, as of September 2, 2009, assume the position of Chairman of Hawk Uranium Inc. Mr. Stewart will be appointed to the Board of Directors at the next meeting of the Board.
Private Placement
Hawk is also pleased to announce its intention to undertake a non-brokered private placement (the "Private Placement") of up to 10,000,000 common share units (each, a "Unit") at a price of $0.075 per Unit for aggregate proceeds of $750,000.00. Each Unit will comprise one common share in the capital of Hawk (a "Common Share") and one half of one purchase warrant (a "Warrant"), each whole warrant being exercisable into one common share for three years from the date of issue at a price of $0.15 per share in the first year, $0.20 per share in the second year and $0.25 per share in the third year. In connection with this offering, Hawk may pay a finder's fee of 7% of the funds raised, payable in cash or common shares of Hawk, as well as issue broker warrants exercisable for 7% of the number of units placed.
The net proceeds from the Private Placement will be used to fund Hawk's exploration and development programs on current and future properties, properties and interests (including possible expansion opportunities in Africa), and to fund general and administrative expenses.
About Hawk Uranium Inc.:
Hawk Uranium Inc. is a Canadian based junior mining company with a portfolio of diversified exploration projects at various stages of exploration and drilling, for Gold in N. Ontario, Uranium in N. Saskatchewan, Ontario and Quebec, and Nickel/Copper/PGM in the ‘Ring of Fire' McFauld's Lake Area of N. Ontario.
Hawk is committed to building value through acquisition, production, expansion and discovery.
More detailed information is available on the website at www.hawkuranium.com.
Cautionary Statement:
Neither 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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
The foregoing information may contain forward-looking statements relating to the future performance of Hawk Uranium Inc. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from Hawk's plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by Hawk with the TSX Venture Exchange and securities regulators. Hawk does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.
Contacts:
Hawk Uranium Inc.
H. Vance White, President
Phone: 416-214-2250
Phone: 866-214-9486
Fax: 416-367-1954
Corinna de Beer, Investor Relations
Phone: 416-792-0343
eMail: ir@hawkuranium.com
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