Seahawk Termines Proposed Change of Business, Plans Name Change and $2.0M Non-Brokered Financing
Seahawk Ventures (OTC: SEHKF) terminated two June 17, 2025 share exchange agreements with Alluvial Capital and FlexGPU after the recent passing of founder Keith Talbot, with no termination fees or advances owing.
The company halted trading June 18, 2025 and expects CSE approval to resume trading. Seahawk plans to refocus on exploration, change its name back to Seahawk Gold Corp., and pursue a $2,000,000 non-brokered financing via up to 5,000,000 Units at $0.40 per Unit. Each Unit includes one share and one-half warrant (warrant exercise $0.80, 1-year term). Units subject to a four-month-and-one-day hold period; proceeds targeted to exploration, property review and working capital.
Seahawk Ventures (OTC: SEHKF) ha terminato due accordi di scambio azionario del 17 giugno 2025 con Alluvial Capital e FlexGPU dopo la recente scomparsa del fondatore Keith Talbot, senza alcuna penale di risoluzione né avanzamenti dovuti.
La società ha sospeso le negoziazioni il 18 giugno 2025 e si aspetta l'approvazione della CSE per riprendere le attività. Seahawk intende concentrarsi nuovamente sull'esplorazione, cambiare nome in Seahawk Gold Corp. e perseguire un finanziamento non brokerato di $2.000.000 tramite fino a 5.000.000 Unit
Seahawk Ventures (OTC: SEHKF) terminó dos acuerdos de intercambio de acciones fechados el 17 de junio de 2025 con Alluvial Capital y FlexGPU tras el reciente fallecimiento del fundador Keith Talbot, sin tarifas de terminación ni anticipos pendientes.
La empresa suspendió la negociación el 18 de junio de 2025 y espera la aprobación de la CSE para reanudarla. Seahawk planea reenfocarse en la exploración, cambiar su nombre de nuevo a Seahawk Gold Corp., y buscar un financiamiento no inter mediado de $2,000,000 mediante hasta 5,000,000 Unidades a $0.40 por Unidad. Cada Unidad incluye una acción y una warrant de medio (ejercicio del warrant $0.80, plazo de 1 año). Las Unidades estarán sujetas a un periodo de bloqueo de cuatro meses y un día; los ingresos se destinarán a exploración, revisión de propiedades y capital de trabajo.
Seahawk Ventures (OTC: SEHKF)는 설립자 Keith Talbot의 최근 사망 이후 Alluvial Capital 및 FlexGPU와의 2025년 6월 17일자 두 건의 주식 교환 계약을 해지했으며, 종료 수수료나 선급금이 남지 않습니다.
회사는 2025년 6월 18일 거래를 중단했고 거래 재개를 위해 CSE의 승인을 기대합니다. Seahawk은 탐사에 집중하고 이름을 다시 Seahawk Gold Corp.로 변경하며, 최대 5,000,000 유닛을 주당 0.40달러로 발행하는 $2,000,000 비중개자 금융을 추진할 계획입니다. 각 유닛은 한 주식과 반액권(권리 행사 0.80달러, 1년 만료)을 포함합니다. 유닛은 4개월 1일의 보류 기간의 적용을 받으며, 수익은 탐사, 자산 검토 및 운영 현금에 배정됩니다.
Seahawk Ventures (OTC: SEHKF) a résilié deux accords d'échange d'actions du 17 juin 2025 avec Alluvial Capital et FlexGPU après le récent décès du fondateur Keith Talbot, sans frais de résiliation ni avances dues.
La société a suspendu la négociation le 18 juin 2025 et attend l'approbation de la CSE pour reprendre la négociation. Seahawk envisage de se recentrer sur l'exploration, de changer son nom en Seahawk Gold Corp. et de lever un financement non courtier de 2 000 000 $ via jusqu'à 5 000 000 d'unités à 0,40 $ par unité. Chaque unité comprend une action et une heartbeat (one-half) warrant (exercice du warrant 0,80 $, durée 1 an). Les unités sont soumises à une période de blocage de quatre mois et un jour; les fonds seront destinés à l'exploration, à l'examen des propriétés et au fonds de roulement.
Seahawk Ventures (OTC: SEHKF) hat zwei Aktienaustauschverträge vom 17. Juni 2025 mit Alluvial Capital und FlexGPU nach dem kürzlichen Tod des Gründers Keith Talbot beendet, ohne Kündigungsgebühren oder Vorschüsse.
Das Unternehmen hat den Handel am 18. Juni 2025 ausgesetzt und rechnet mit der Genehmigung der CSE, den Handel fortzusetzen. Seahawk plant, sich wieder auf die Erkundung zu konzentrieren, den Namen in Seahawk Gold Corp. zu ändern und eine 2.000.000-Dollar-nicht-brokered-Finanzierung über bis zu 5.000.000 Units zu je 0,40 $ pro Unit zu verfolgen. Jede Einheit umfasst eine Aktie und eine halbe warrant (Warrant-Ausübung 0,80 $, Laufzeit 1 Jahr). Die Einheiten unterliegen einer Vier-Monate-eins-Tage Sperrfrist; die Mittel sollen in Exploration, Grundstücksprüfung und Betriebskapital fließen.
Seahawk Ventures (OTC: SEHKF) أنهت عقدي تبادل أسهم في 17 يونيو 2025 مع Alluvial Capital وFlexGPU بعد وفاة المؤسس كيث TALBOT حديثاً، دون أي رسوم إنهاء أو مقدمات مستحقة.
أوقفت الشركة التداول في 18 يونيو 2025 وتتوقع موافقة CSE لاستئناف التداول. تخطط Seahawk للتركيز على الاستكشاف، وتغيير اسمها مرة أخرى إلى Seahawk Gold Corp.، والسعي للحصول على تمويل غير وسيط بقيمة 2,000,000 دولار من خلال حتى 5,000,000 وحدة بسعر 0.40 دولار للوحدة. تشتمل كل وحدة على سهم ونصف ورنْت (تمديد الرنْت)، سعر تمكين الرنْت 0.80 دولار، مدة سنة. تخضع الوحدات لفترة حظر مدتها أربعة أشهر ويوم واحد؛ ستُخصص العائدات للاستكشاف، ومراجعة الممتلكات ورأس المال العامل.
Seahawk Ventures. (OTC: SEHKF) 在创始人 Keith Talbot 去世后，与 Alluvial Capital 和 FlexGPU 的两份股票换股协议于 2025 年 6 月 17 日终止，且无终止费或垫付金额欠付。
公司于 2025 年 6 月 18 日暂停交易，预计获得 CSE 批准后恢复交易。Seahawk 计划将重点重新放回勘探，将名称改回 Seahawk Gold Corp.，并通过最多 5,000,000 份单位、每份 0.40 美元来推进一项 $2,000,000 非经纪人融资。每份单位包含一股股票和半份认股权证（认股权证行使价 0.80 美元，期限 1 年）。单位受四个月零一日的持有期约束；募集资金将用于勘探、对资产的评估以及运营资金。
- Non-brokered financing up to $2,000,000
- Offering of up to 5,000,000 Units at $0.40 each
- Each Unit includes one share plus 0.5 warrant (exercise $0.80, 1 year)
- Planned return to four gold properties in the Urban-Barry Greenstone Belt
- Termination of proposed transactions with Alluvial and FlexGPU
- Trading halt since June 18, 2025 pending CSE approval to resume
- Potential shareholder dilution from issuance of up to 5,000,000 Units
Vancouver, British Columbia--(Newsfile Corp. - October 24, 2025) - Seahawk Ventures Inc. (CSE: SEAG.X) (OTC Pink: SEHKF) ("Seahawk"), announces that further to its press release dated June 18, 2025, it has terminated the each of the share exchange agreement dated June 17, 2025 with Alluvial Capital Corp. ("Alluvial") and its shareholders as well as the amended and restated share exchange agreement dated June 17, 2025 with FlexGPU Inc. ("FlexGPU") and its shareholders, following the recent passing of Keith Talbot, who was a founder of both entities.
There was no penalty or termination fee payable by either the Company, Alluvial or Flex GPU in connection with the termination of the agreements, nor had any advances been made by the Company to either of Alluvial or Flex GPU. Trading in the common shares of the Company was halted on June 18, 2025, upon announcement of the proposed transactions with Flex GPU and Alluvial (the "Transactions") in accordance with the policies of the Canadian Stock Exchange ("CSE"). As the Transactions will not proceed, trading of the Company's shares is expected to resume on the CSE once approved by the CSE.
Following same and in light of current economic conditions, the Company plans to return its focus to its exploration portfolio and look to unlock the value of its four gold properties located along the Urban-Barry Greenstone Belt in the Abitibi sub province of Quebec.
In connection therewith, the Company announces its intention to change its name back to "Seahawk Gold Corp." reflective of its revitalized focus on exploration and intends to complete a non-brokered financing to raise up to
Each Unit will consist of one common share and one half of one share purchase warrant. Each whole warrant will entitle the holder to acquire an additional common share at a price of
Finder's fees may be payable on all or any portion of the Financing, which is subject to regulatory and exchange approval. The proceeds of the Financing will be used for exploration activities, reviewing additional mineral property acquisition opportunities and general working capital purposes.
On behalf of the Board of Directors
Giovanni Gasbarro
CEO and Director
Telephone: (604) 939-1848
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
Forward-Looking Statements
This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, including statements regarding the anticipated plans for and results of exploration programs are "forward-looking statements". Forward-looking statements in this news release include, but are not limited to, statements with respect to the terms of the proposed Financing, the likelihood of finder's fees being paid, the timing of closing of the Financing and the proposed use of proceeds. These forward-looking statements reflect the expectations or beliefs of the management of the Company based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/271902
FAQ
What did Seahawk (SEHKF) announce on October 24, 2025 about the June 17, 2025 transactions?
How much is Seahawk (SEHKF) seeking to raise in the non-brokered financing?
What does each Unit in Seahawk's (SEHKF) financing include and what are the warrant terms?
When will Seahawk (SEHKF) shares be tradable again on the CSE?
Why is Seahawk (SEHKF) changing its name to Seahawk Gold Corp?
How will Seahawk (SEHKF) use the proceeds from the proposed financing?
