Hawk Uranium

Hi

sieht gut aus, hast du die Meldung von gestern gesehen???

Hawk Uranium options Ontario claims from Noront

2007-11-21 09:34 ET - News Release

Also News Release (C-NOT) Noront Resources Ltd

Mr. H. Vance White of Hawk Uranium reports

HAWK URANIUM INC. ANNOUNCES OPTION AGREEMENT WITH NORONT

Hawk Uranium Inc. has entered into an option agreement with Noront Resources Ltd. pursuant to which Hawk has the option to acquire a 50-per-cent legal and beneficial interest in a property. The property includes 10 claims (covering a total of 160 claim units, or approximately 6,340 acres) in the "Ring of Fire" of the McFaulds Lake area, James Bay Lowlands, Ontario, near Noront's nickel copper discovery.

To earn its interest in the property, Hawk is required to:

Issue 400,000 common shares of Hawk to Noront immediately following approval of the option agreement by the TSX Venture Exchange;
Complete a total of $3.5-million in exploration expenditures on the property over a three-year period (of which $1-million must be incurred in the first year);
Make total cash payments to Noront of $400,000 within two years of entering into the option agreement (of which $200,000 must be paid in the first year). The cash payments may be satisfied, at the option of Noront and subject to the approval of the TSX Venture Exchange, by the issuance to Noront of 800,000 common shares of Hawk (at a deemed price of 50 cents per share).

The option agreement remains subject to required approvals by Hawk's board of directors, Noront and the TSX Venture Exchange.

Upon Hawk earning its 50-per-cent interest in the property, Hawk and Noront shall form a joint management committee to further develop the property as a joint venture with Noront continuing to act as the operator.

We seek Safe Harbor.

Mal sehen wie es hier weiter geht.

BG
SilverRULES