Hawkmoon Enters into a Purchase Option Agreement to Acquire 100% Interest in Wilson East Property
Summary
Hawkmoon Resources Corp. has entered into a purchase option agreement (the "Agreement") to acquire a 100% interest in the Wilson East Property (the "Property" or "Wilson East"). The primary areas of interest range from the Verneuil-Serem Ouest showing eastwards along a sheared contact between the volcanics and gabbro. Pursuant to the Agreement, the Company may acquire a 100% interest in the Property by issuing an aggregate of 400,000 shares and making aggregate cash payments of $86,000 over a period of three years, as outlined in Table 1 below. On completion of the earn-in, the optionors will retain a net smelter return ("NSR") of 1.5%, 0.5% of which may be purchased by Hawkmoon for $600,000. Branden Haynes, President of Hawkmoon, states "We are very pleased to enter into a purchase option agreement related to these new claims, as they are contiguous to our Wilson property.