Redhawk Announces Private Placement and High Grade Drilling Program

Redhawk Resources, Inc. (TSX VENTURE:RDK)(FRANKFURT:QF7) reported a non-brokered private placement of 11,500,000 units at a price of $0.35 per unit to raise gross proceeds of $4,025,000.

The press release is quoted as saying:

Redhawk is a Canadian-based resource exploration and development company with primary focus on the accelerated development of its advanced stage Copper Creek copper-molybdenum project in San Manuel, Arizona. The Company also has a gold/silver property in Nevada.

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