Metal Hawk Ltd has opened its initial public offer to raise a minimum of $4.5 million and a maximum of $5.5 million via the issue of shares at 20 cents each.
The Western Australian exploration company is focused on early stage discovery of gold and nickel sulphides in the Eastern Goldfields and in the Albany-Fraser Orogen.
Metal Hawk’s underexplored Eastern Goldfields projects are all located within 80 kilometres from Kalgoorlie with drill-ready targets adjacent to operating mines.
The company also has a large ground holding in the Albany-Fraser Orogen, including a $2.75 million joint venture with Chalice Gold Mines (ASX:CHN) on the Viking Gold Project.
Initial work program - first 12 months
Use of funds - year 1