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Hawk Resources Limited (ASX:HWK)

ALERT: Price-sensitive ASX Announcement for HWK
Current share price for HWK : $0.028 -0.005 (-15.15%)+
Announcement
Release
19 May 2026 7:09PM
Price at Release
$0.033
Full Release
download
Summary
Hawk Resources Limited has issued an Entitlement Offer Prospectus for a pro-rata non-renounceable entitlement issue aimed at raising up to $1,966,610. This offer allows eligible shareholders to apply for 1 new share for every 8 shares held at an issue price of $0.03 per share, with 1 free option for every 2 shares applied. The offer is part of a broader capital raising strategy, including an Initial Placement and a Top-up Placement, with Cygnet Capital Pty Ltd as the lead manager. The prospectus outlines risks related to dilution, market conditions, and reliance on key personnel. Legal compliance and strategic management by senior staff are emphasized as critical to mitigating risks. The document also specifies that the securities offered are speculative and advises potential investors to seek professional advice.
Key Points
  • Entitlement Offer for 1 Share per 8 held at $0.03 each
  • Includes 1 free option for each 2 Shares applied
  • Aim to raise up to $1,966,610
  • Cygnet Capital Pty Ltd as Lead Manager
  • Risk of dilution and market conditions highlighted
  • Speculative nature of securities emphasized
  • No liability for tax consequences on subscription
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.