Metal Hawk Limited completes AU$1.05 million placement

Metal Hawk Limited (ASX: MHK) announced that it had received firm commitments from new and previous sophisticated investors to raise AU$1.05 million via placement. The placement includes the issue of approx. 6,570,000 fully paid ordinary shares at AU$0.16 per new share. The issue price denotes a 17.9% discount to the last traded price & a 0.8% discount to the 15-day VWAP price.

Funds raised from the placement will be used to support the exploration program at the Berehaven Project, located 20km southeast of Kalgoorlie in the WA goldfields. The placement commenced after a strong investor demand was experienced during the block trade of 3 million Metal Hawk shares. These shares were initially issued as consideration for nickel rights at the Berehaven Project.

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