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本帖最后由 huang89 于 2021-11-6 11:25 编辑
HAWKSTONE TO SPIN-OUT HIGH GRADE
GOLD AND GOLD-COPPER PROJECTS IN THE USA
Highlights
• Hawkstone to become a dedicated lithium company with all focus on the Big Sandy
Sedimentary Lithium Project in Arizona.
• Hawkstone to change its name to Arizona Lithium to reflect this shift in strategic direction.
• Hawkstone to spin-out its portfolio of gold and gold-copper projects to form a separate listed
company, Diablo Resources Limited (Diablo).
• As part of the spin-out, Hawkstone will divest and sell its interest to Diablo in the Devil’s
Canyon Gold-Copper Project in Nevada, Western Desert Gold-Copper Project in Utah, and the
Lone Pine Gold Project including the King Solomon Mine in Idaho.
• As part of the spin-out, Hawkstone will receive 40,000,000 vendor shares, which upon the
successful ASX listing of Diablo, will be distributed by way of an in-specie pro rata distribution
to existing shareholders of Hawkstone.
• Hawkstone shareholders will also have the right to participate in a $3.5 million priority offer in
the ASX listing of Diablo, providing an opportunity for further investment exposure to the gold
and gold-copper assets.
• Significant exploration work has recently been completed by the Hawkstone technical team to
progress all projects to a drill ready stage, with drilling to commence shortly after the
proposed ASX listing of Diablo.
Hawkstone Mining (ASX:HWK) (“Hawkstone”, the “Company”) is pleased to announce that the Company
is to become a dedicated lithium company with its focus on the Big Sandy Lithium Project in Arizona, USA.
To achieve this, Hawkstone will spin-out its gold and gold-copper projects in the USA to form a separate
listed company, Diablo Resources Limited (“Diablo”), with Hawkstone to change its name to Arizona Lithium
Limited. The spin-out and change of name will be subject to shareholder approval.
Commenting on the spin-out, Hawkstone Managing Director, Paul Lloyd, stated: “With the recent shift
in market sentiment to battery minerals, we feel that Hawkstone shareholders will gain maximum value from
the Company’s gold and gold-copper assets via Diablo Resources, as a separate ASX listed entity. Located
in world class gold and copper regions, these projects hold significant potential and the spin-out will provide
shareholders with a non-dilutive and “off balance sheet” solution to accelerate exploration on these assets
in a period of high gold and copper prices. It will also allow the existing shareholders to participate in the
new listing on a priority basis relative to their existing shareholding in HWK, as well as being rewarded with
a significant stake by way of an in-specie distribution. Diablo will have an exciting start to its ASX listing with
the drilling of the Devil’s Canyon Gold Project, a Carlin style project in Nevada, USA, 20kms from a 5.9
million ounce resource1
, that returned high grade rock chip samples. Many high priority drill targets have
been identified from our recently completed exploration work.” |
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窗台上的鸢尾花 (2011-8-28) 明河素月 
发表于 2021-6-8 21:36
