Seahawk Gold Corp. Provides Update to Shareholders
Seahawk Gold Corp. (CSE: SEAG) (OTC Pink: SEHKF) has announced an extension to October 18, 2024 for the letter agreement with FLEXGPU, an AI data center development company. This agreement will be replaced by a Definitive Agreement involving Seahawk's acquisition of all FLEXGPU shares. The transaction will result in a change of business for Seahawk, requiring approval from the Canadian Securities Exchange (CSE) and shareholders.
The agreement may be terminated if: (a) the Definitive Agreement isn't entered by October 18, 2024; (b) the closing doesn't occur by November 30, 2024; or (c) the CSE doesn't approve the transaction. Seahawk's stock trading remains halted pending completion of the transaction. The company will provide further updates as it progresses towards finalizing the deal.
Seahawk Gold Corp. (CSE: SEAG) (OTC Pink: SEHKF) ha annunciato un'estensione fino al 18 ottobre 2024 per il contratto preliminare con FLEXGPU, un'azienda dedicata allo sviluppo di centri dati per l'IA. Questo accordo sarà sostituito da un Contratto Definitivo che coinvolgerà l'acquisizione da parte di Seahawk di tutte le azioni di FLEXGPU. La transazione comporterà un cambiamento di attività per Seahawk, richiedendo l'approvazione dalla Canadian Securities Exchange (CSE) e dagli azionisti.
L'accordo può essere risolto se: (a) il Contratto Definitivo non viene stipulato entro il 18 ottobre 2024; (b) la chiusura non avviene entro il 30 novembre 2024; o (c) la CSE non approva la transazione. Le negoziazioni delle azioni di Seahawk rimangono sospese in attesa del completamento della transazione. La società fornirà ulteriori aggiornamenti mentre avanza verso la finalizzazione dell'accordo.
Seahawk Gold Corp. (CSE: SEAG) (OTC Pink: SEHKF) ha anunciado una extensión hasta el 18 de octubre de 2024 para el acuerdo de carta con FLEXGPU, una empresa de desarrollo de centros de datos de IA. Este acuerdo será reemplazado por un Contrato Definitivo que implicará la adquisición por parte de Seahawk de todas las acciones de FLEXGPU. La transacción resultará en un cambio de negocio para Seahawk, requiriendo aprobación de la Canadian Securities Exchange (CSE) y de los accionistas.
El acuerdo puede ser terminado si: (a) el Contrato Definitivo no se firma para el 18 de octubre de 2024; (b) el cierre no ocurre antes del 30 de noviembre de 2024; o (c) la CSE no aprueba la transacción. El comercio de acciones de Seahawk sigue detenido pendiente de la finalización de la transacción. La compañía proporcionará más actualizaciones a medida que avance hacia la finalización del trato.
SeaHawk Gold Corp. (CSE: SEAG) (OTC Pink: SEHKF)는 AI 데이터 센터 개발 회사인 FLEXGPU와의 서한 계약을 2024년 10월 18일까지 연장한다고 발표했습니다. 이 계약은 Seahawk의 FLEXGPU 모든 주식 인수를 포함하는 정식 계약으로 대체될 것입니다. 이 거래는 Seahawk의 사업 변경을 초래하며, Canadian Securities Exchange (CSE)와 주주들의 승인이 필요합니다.
계약은 다음과 같은 경우 종료될 수 있습니다: (a) 2024년 10월 18일까지 정식 계약이 체결되지 않은 경우; (b) 2024년 11월 30일까지 마감이 이루어지지 않은 경우; 또는 (c) CSE가 거래를 승인하지 않은 경우. Seahawk의 주식 거래는 거래 완료를 기다리는 동안 중단된 상태입니다. 회사는 거래를 최종 확정하기 위해 진행하면서 추가 업데이트를 제공할 것입니다.
Seahawk Gold Corp. (CSE: SEAG) (OTC Pink: SEHKF) a annoncé une extension jusqu'au 18 octobre 2024 de la lettre d'accord avec FLEXGPU, une entreprise de développement de centres de données IA. Cet accord sera remplacé par un Accord Définitif concernant l'acquisition par Seahawk de toutes les actions de FLEXGPU. La transaction entraînera un changement d'activité pour Seahawk, nécessitant l'approbation de la Canadian Securities Exchange (CSE) et des actionnaires.
L'accord peut être résilié si : (a) l'Accord Définitif n'est pas signé d'ici le 18 octobre 2024; (b) la clôture ne se produit pas d'ici le 30 novembre 2024; ou (c) la CSE n'approuve pas la transaction. La cotation des actions de Seahawk reste suspendue en attente de la finalisation de la transaction. La société fournira de nouvelles informations à mesure qu'elle progresse vers la finalisation de l'accord.
Seahawk Gold Corp. (CSE: SEAG) (OTC Pink: SEHKF) hat eine Verlängerung bis zum 18. Oktober 2024 für den Letter of Agreement mit FLEXGPU, einem KI-Datenzentrum-Entwicklungsunternehmen, bekannt gegeben. Diese Vereinbarung wird durch einen Definitive Agreement ersetzt, der den Erwerb aller FLEXGPU-Aktien durch Seahawk beinhaltet. Die Transaktion wird zu einem Geschäftswechsel für Seahawk führen, weshalb die Genehmigung der Canadian Securities Exchange (CSE) und der Aktionäre erforderlich ist.
Die Vereinbarung kann beendet werden, wenn: (a) der Definitive Agreement bis zum 18. Oktober 2024 nicht eingeht; (b) der Abschluss nicht bis zum 30. November 2024 erfolgt; oder (c) die CSE die Transaktion nicht genehmigt. Der Handel mit Seahawk-Aktien bleibt ausgesetzt, bis die Transaktion abgeschlossen ist. Das Unternehmen wird weitere Updates bereitstellen, während es auf die Finalisierung des Deals hinarbeitet.
- Potential expansion into AI data center development through acquisition of FLEXGPU
- Extension of agreement deadline provides more time for due diligence and approvals
- Transaction subject to multiple approvals (CSE, shareholders, regulatory bodies)
- Risk of agreement termination if conditions are not met
- Trading of Seahawk's stock remains halted, limiting shareholder liquidity
Vancouver, British Columbia--(Newsfile Corp. - October 1, 2024) - Seahawk Gold Corp. (CSE: SEAG) (OTC Pink: SEHKF) ("Seahawk") announces that it has agreed to extend the date listed in the letter agreement that will be replaced by a "Definitive Agreement" with FLEXGPU, to October 18, 2024.
FLEXGPU is an AI data center development company, which will involve the acquisition by Seahawk of all of the issued and outstanding shares of FLEXGPU (the "Transaction"). On completion of the Transaction, Seahawk will carry on the business currently conducted by FLEXGPU. The Transaction will constitute a "change of business" under the policies of the Canadian Securities Exchange (the "CSE"), and will require the approval of Seahawk's shareholders.
Seahawk is continuing its work towards the satisfactory completion of due diligence, obtaining the approval of the CSE, and any other regulatory body having jurisdiction, and the approval of its shareholders.
The agreement may be terminated by Seahawk at any time if it is not satisfied with the results of its due diligence investigations of FLEXGPU, and may be terminated by either party if (a) the Definitive Agreement has not been entered into on or by October 18, 2024; (b) the Closing has not taken place on or by November 30, 2024; or (c) the CSE indicates that it will not approve the Transaction.
Trading in Seahawk's stock will remain halted pending completion of the Transaction. Further updates will be provided by Seahawk as it works towards the completion of the Transaction.
About Seahawk Gold Corp.
Seahawk Gold Corp. is a publicly traded Canadian resource exploration company trading in Canada (CSE: SEAG), the U.S. (OTC Pink: SEHKF). Seahawk is the
For more information, please contact Seahawk Gold Corp. – seahawkgoldcorp.com.
Giovanni Gasbarro
CEO and Director at 1-604-939-1848
Mitchell E. Lavery, P.Geo.
President and Director at 1-613-298-1596
Neither the Canadian Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/225286
FAQ
What is the new deadline for Seahawk Gold Corp's (SEHKF) letter agreement with FLEXGPU?
What type of company is FLEXGPU that Seahawk Gold Corp (SEHKF) is planning to acquire?
What approvals does Seahawk Gold Corp (SEHKF) need for the FLEXGPU transaction?
When is the latest date for the closing of Seahawk Gold Corp's (SEHKF) transaction with FLEXGPU?
