Owing to the upheavals in the commodities in recent months, there has been considerable attention on companies that are involved in the mining sector. However, there are still some companies that may yet be undiscovered by investors and this article looks at such a company. One such company is the Canadian gold exploration company Seahawk Gold Corp (CSE:SEAG) (OTCQB:SEHKF), which has its stock listed in the United States, Canada, and Germany.
At this point in time, the company owns as many as four properties in their entirety and the properties are situated near the Urban-Berry Greenstone belt in Quebec in Canada.
In addition to owning four properties, the company also gets royalties on another property in the same zone. In this context, it is perhaps also important to note that the Urban-Berry zone is the busiest exploration camp in Canada at this point in time.
Hence, that is something else that ought to be kept in mind when one considers Seahawk Gold Corp. Earlier on in the month, the company had come into focus once again after it announced that it had decided to go for a private placement. It may be a good idea for investors to consider taking a closer look at the details.
The company announced that the private placement of its common shares was going to be of the non-brokered variant and it was seeking to raise as much as $750,000 in the form of gross proceeds. The company further announced that it was going to offer a total of as many as 2,500,000 shares as part of the private placement and was going to price the shares at $0.30 each.
The proceeds from the private placement are going to be used for financing its exploration activities and also for taking care of working capital needs.
