Seahawk Termines Proposed Change of Business, Plans Name Change and $2.0M Non-Brokered Financing

Core Points - Seahawk Ventures Inc. has terminated its share exchange agreements with Alluvial Capital Corp. and FlexGPU Inc. due to the passing of Keith Talbot, a founder of both entities [1][2] - The company plans to refocus on its exploration portfolio, specifically its four gold properties located along the Urban-Barry Greenstone Belt in Quebec [3] - Seahawk intends to change its name back to "Seahawk Gold Corp." and is planning a non-brokered financing to raise up to $2 million through the sale of up to 5 million units at a price of $0.40 per unit [4][5] Financing Details - Each unit in the financing will consist of one common share and one half of a share purchase warrant, with each whole warrant allowing the purchase of an additional common share at $0.80 for one year [5] - The financing proceeds will be allocated for exploration activities, reviewing additional mineral property acquisition opportunities, and general working capital [6] Company Overview - Seahawk Gold Corp. is a publicly traded Canadian resource exploration company, fully owning four properties along the Urban-Barry Greenstone Belt in Quebec [7]