| ||November 26, 2009|
Hawthorne Gold Announces Increase In Non-Brokered Private Placement Of Flow-Through Shares
| ||THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES|
Hawthorne Gold Corp. ("Hawthorne" or the "Company") (TSX-V: HGC) announces that it has increased the non-brokered private placement described in the Company's news release dated November 20, 2009 (a copy of which is available at www.sedar.com) from up to 2,439,024 Flow-Through Shares ($1,000,000) to a total of up to 4,546,585 Flow-Through Shares ($1,864,100 the "Offering"). The other terms of the Offering remain as disclosed in the Company's November 20th news release.
The Company may pay finder's fees to certain arm's length parties in connection with the Offering in an amount permitted by TSX Venture Exchange policy. Closing of the Offering is subject to a number of conditions, including the receipt of all necessary corporate and regulatory approvals. All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus one day from the date of issuance in accordance with applicable securities legislation.
Proceeds from the Offering will be used to fund resource development, exploration and pre-production expenses at the Company's Table Mountain Mine and Taurus deposit.
About Hawthorne Gold Corp.
Hawthorne Gold Corp. is a Canadian-based gold exploration and development company with key properties located in British Columbia, Canada. Hawthorne is led by well-respected mining leaders Richard Barclay and Michael Beley. Hawthorne's goal is to become a junior gold producer by working towards production at Table Mountain and the continued resource development at the nearby Taurus deposit, as well as the Frasergold deposit in the Cariboo region of south central British Columbia.
For more information on Hawthorne, contact Todd Hanas toll free at 1-866-869-8072 or the Company at (604) 629-1505 or toll free at 1-888-629-1505, or you can visit Hawthorne's website at www.hawthornegold.com.
ON BEHALF OF HAWTHORNE GOLD CORP.
"Richard J. Barclay"
President & CEO
Certain information regarding the Company including management's assessment of future plans and operations, may constitute forward-looking statements under applicable securities laws and necessarily involve risks associated with mining exploration and development, volatility of prices, currency fluctuations, imprecision of resource estimates, environmental and permitting risks, access to labour and services, competition from other companies and ability to access sufficient capital. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements.
Neither the 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 of accuracy or this release.
You can view the Next News Releases item: Tue Dec 1, 2009, Hawthorne Gold Announces Closing of Non-Brokered Flow Through Private Placement for Gross Proceeds of $1,755,295
You can view the Previous News Releases item: Fri Nov 20, 2009, Hawthorne Gold Announces A Non-Brokered Flow Through Private Placement For Gross Proceeds Of Up To $1 Million
You can return to the main News Releases page, or press the Back button on your browser.