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Seahawk Gold Corp. Provides Update to Shareholders

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Seahawk Gold Corp. (CSE: SEAG) (OTC Pink: SEHKF) has announced an update regarding its transaction with FLEXGPU. The company and FLEXGPU have agreed to extend the deadline for entering into a definitive agreement to November 30, 2024. Additionally, they have extended the deadline for closing the transaction to February 28, 2025. This extension follows previous announcements made on June 26, 2024, and October 1, 2024, regarding the letter agreement dated June 25, 2024. Seahawk has stated that it will provide further updates as progress is made towards completing the transaction. In the meantime, trading in Seahawk's stock will remain halted.

Seahawk Gold Corp. (CSE: SEAG) (OTC Pink: SEHKF) ha annunciato un aggiornamento riguardo la sua transazione con FLEXGPU. L'azienda e FLEXGPU hanno deciso di prorogare la scadenza per entrare in un accordo definitivo fino al 30 novembre 2024. Inoltre, hanno esteso la scadenza per chiudere la transazione al 28 febbraio 2025. Questa proroga segue gli annunci precedenti del 26 giugno 2024 e del 1 ottobre 2024, riguardanti l'accordo di lettera datato 25 giugno 2024. Seahawk ha dichiarato che fornirà ulteriori aggiornamenti man mano che i progressi verranno effettuati per completare la transazione. Nel frattempo, il trading delle azioni di Seahawk rimarrà sospeso.

Seahawk Gold Corp. (CSE: SEAG) (OTC Pink: SEHKF) ha anunciado una actualización respecto a su transacción con FLEXGPU. La compañía y FLEXGPU han acordado extender la fecha límite para firmar un acuerdo definitivo hasta el 30 de noviembre de 2024. Además, han prolongado la fecha límite para cerrar la transacción al 28 de febrero de 2025. Esta extensión sigue a los anuncios previos de 26 de junio de 2024 y 1 de octubre de 2024, sobre el acuerdo de carta fechado el 25 de junio de 2024. Seahawk ha declarado que proporcionará más actualizaciones a medida que se avancen en la finalización de la transacción. Mientras tanto, el comercio de las acciones de Seahawk permanecerá detenido.

Seahawk Gold Corp. (CSE: SEAG) (OTC Pink: SEHKF)가 FLEXGPU와의 거래에 대한 업데이트를 발표했습니다. 회사와 FLEXGPU는 최종 계약 체결 기한을 연장하기로 합의했습니다, 2024년 11월 30일까지. 또한 거래 마감 기한을 2025년 2월 28일로 연장했습니다. 이번 연장은 2024년 6월 26일과 2024년 10월 1일에 발표된 내용과, 2024년 6월 25일자 서신 협정에 대한 이전 발표를 따른 것입니다. Seahawk는 거래 완료를 위한 진행 상황에 따라 추가 업데이트를 제공할 것이라고 밝혔습니다. 그동안 Seahawk의 주식 거래는 중단된 상태로 남아있습니다.

Seahawk Gold Corp. (CSE: SEAG) (OTC Pink: SEHKF) a annoncé une mise à jour concernant sa transaction avec FLEXGPU. La société et FLEXGPU ont accepté de prolonger la date limite pour entrer dans un accord définitif jusqu'au 30 novembre 2024. De plus, ils ont prolongé la date limite pour finaliser la transaction jusqu'au 28 février 2025. Cette prolongation fait suite à des annonces précédentes du 26 juin 2024 et du 1er octobre 2024 concernant l'accord de lettre daté du 25 juin 2024. Seahawk a déclaré qu'elle fournirait d'autres mises à jour à mesure que des progrès seront réalisés pour compléter la transaction. En attendant, le commerce des actions de Seahawk restera suspendu.

Seahawk Gold Corp. (CSE: SEAG) (OTC Pink: SEHKF) hat ein Update zu seiner Transaktion mit FLEXGPU angekündigt. Das Unternehmen und FLEXGPU haben vereinbart, die Frist zu verlängern für den Abschluss einer endgültigen Vereinbarung bis zum 30. November 2024. Zusätzlich haben sie die Frist für den Abschluss der Transaktion bis zum 28. Februar 2025 zu verlängern. Diese Verlängerung folgt auf frühere Ankündigungen vom 26. Juni 2024 und 1. Oktober 2024 bezüglich des am 25. Juni 2024 datierten Schriftlichen Abkommens. Seahawk hat erklärt, dass weitere Updates bereitgestellt werden, sobald Fortschritte beim Abschluss der Transaktion erzielt werden. In der Zwischenzeit wird der Handel mit Seahawks Aktien ausgesetzt bleiben.

Positive
  • None.
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  • Extended deadline for definitive agreement to November 30, 2024
  • Extended transaction closing deadline to February 28, 2025
  • Continued trading halt of Seahawk's stock

Vancouver, British Columbia--(Newsfile Corp. - October 18, 2024) - Seahawk Gold Corp. (CSE: SEAG) (OTC Pink: SEHKF) ("Seahawk") Further to the company's previous news releases of June 26, 2024 and October 1, 2024, Seahawk and FLEXGPU have agreed to further extend the deadline for entering into a definitive agreement respecting the transaction which is the subject of their June 25, 2024 letter agreement to November 30, 2024, and to extend the deadline for closing the transaction to February 28, 2025.

Seahawk will provide further updates as it works toward the completion of the transaction, and trading in Seahawk's stock will continue to remain halted.

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 100% owner four properties along the Urban-Barry Greenstone Belt in the Abitibi sub province of mining friendly Quebec, Canada.

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/227141

FAQ

What is the new deadline for Seahawk Gold Corp (SEHKF) to enter into a definitive agreement with FLEXGPU?

The new deadline for Seahawk Gold Corp to enter into a definitive agreement with FLEXGPU is November 30, 2024.

When is the extended closing date for the transaction between Seahawk Gold Corp (SEHKF) and FLEXGPU?

The extended closing date for the transaction between Seahawk Gold Corp and FLEXGPU is February 28, 2025.

Is trading of Seahawk Gold Corp (SEHKF) stock currently halted?

Yes, trading in Seahawk Gold Corp (SEHKF) stock remains halted as of the latest update.

When was the original letter agreement between Seahawk Gold Corp (SEHKF) and FLEXGPU signed?

The original letter agreement between Seahawk Gold Corp and FLEXGPU was signed on June 25, 2024.

SEAHAWK GOLD CORP

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