Hawk announces closing of Initial Public Offering



    
    /THIS DOCUMENT IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED
    STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A
    VIOLATION OF U.S. SECURITIES LAW./
    

    CALGARY, June 11 /CNW/ - Hawk Exploration Ltd. ("Hawk" or the
"Corporation") is pleased to announce it has closed its Initial Public
Offering ("IPO") of 12,000 Units at a price of $1,000 per Unit for aggregate
gross proceeds of $12,000,000. Each Unit is comprised of 400 "flow-through"
Class A Shares at $0.25 per share and 90 "flow-through" Class B Shares at
$10.00 per share, which amounts, in the aggregate, will constitute
flow-through funds. Tristone Capital Inc. led a syndicate of investment
dealers which included Haywood Securities Inc. and National Bank Financial
Inc. Following closing of the IPO, the Corporation has 9,600,000 Class A
Shares and 1,080,000 Class B Shares outstanding.

    Hawk is a newly formed company engaged in the exploration, development
and production of conventional crude oil and natural gas in western Canada and
is based in Calgary, Alberta. Hawk anticipates that the Class A Shares and
Class B Shares will commence trading on the TSX Venture Exchange at the
opening of the markets on June 17, 2009, under the trading symbols HWK.A and
HWK.B, respectively.

    
    Neither the TSX Venture Exchange nor its Regulation Services Provider (as
    the term is defined in the policies of the TSX Venture Exchange) accepts
    responsibility for the adequacy or accuracy of this release.
    

    Certain information regarding the Corporation contained herein may
constitute forward-looking statements within the meaning of applicable
securities laws. Forward-looking statements include estimates, plans,
anticipations, expectations, opinions, forecasts, projections, guidance or
other similar statements that are not statements of fact. Although the
Corporation believes that the expectations reflected in such forward-looking
statements are reasonable, it can give no assurance that such expectations
will prove to be correct. These statements are subject to certain risks and
uncertainties and may be based on assumptions that could cause actual results
to differ materially from those anticipated or implied in the forward-looking
statements. The Corporation's forward-looking statements are expressly
qualified in their entirety by this cautionary statement.





For further information:

For further information: Steve Fitzmaurice, President, CEO and Chairman,
Tel: (403) 264-0191 Ext 225, Email: steve@hawkexploration.ca; Dennis Jamieson,
Chief Financial Officer, Tel: (403) 264-0191 Ext 234, Email:
dennis@hawkexploration.ca

Organization Profile

Hawk Exploration Ltd.

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