Origin Merchant Securities Inc. is pleased to announce that Redhawk Resources Inc. (“Redhawk”) has completed its previously announced private placement by issuing 10,420,000 common shares of Redhawk at a price of $0.25 per share for gross proceeds of $2,605,000.
Origin Merchant Securities Inc. acted as financial advisor to Redhawk with respect to this transaction.
Redhawk Resources (RDK-T) is a Canadian-based resource exploration and development company with primary focus on the accelerated development of its advanced stage Copper Creek copper-molybdenum project in San Manuel, Arizona. With over 675K feet of drilling completed to date, the large high grade Copper/Moly Porphyry style system now contains over 7B lbs. of Copper, 150M lbs. of Moly and 32M oz. of Silver. Located in the prolific Southwest Porphyry Copper Belt, Redhawk has emerged as one of the top development companies in North America. With the exceptional experience and strength of Redhawk’s management team, combined with the developed infrastructure, Redhawk is positioned to become a solid mid-tier copper producer.
Origin Merchant Securities Inc. (“OMSI”) is a wholly-owned affiliate of Origin Merchant Partners. OMSI is an exempt market dealer that will agent private placements of debt and equity securities to finance the acquisition capital, growth capital or recapitalization needs of our clients. OMSI is registered as an Exempt Market Dealer with the Ontario Securities Commission.