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Seahawk Ventures Inc. reports corporate developments for a Canadian exploration issuer whose common shares trade on the CSE and OTC Pink market under SEHKF. The company’s news has centered on its completed name and trading-symbol change, shareholder meeting matters, claim renewals, and updates involving its 100% owned properties along Quebec’s Urban-Barry Greenstone Belt in the Abitibi subprovince.
Recurring announcements also address material agreements, proposed change-of-business matters, capital-structure disclosures, governance actions, and required shareholder or exchange approvals while the company evaluates its public-company direction.
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) 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) announced the acquisition of FlexGPU, an AI data center developer. This transaction will mark a fundamental business change and requires Seahawk's shareholder approval. The deal involves issuing 10 million common shares at $0.20 each and an additional 20 million performance-based shares, also at $0.20 each, to FlexGPU shareholders. FlexGPU will raise $6 million via convertible debt financing, which Seahawk will assume. Post-acquisition, most Seahawk directors will resign, except for Giovanni and Bruno Gasbarro. Seahawk will continue to hold its mineral properties and seek buyers post-closing. The deal is subject to due diligence, regulatory, and shareholder approvals, and trading in Seahawk’s stock remains halted.
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