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BRIEF-Whitehawk Announces Implementation Of Share Purchase Deal & Equity Swap Agreement

Published 01/07/2020, 11:18 am
© Reuters.
WHK
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July 1 (Reuters) - WhiteHawk Ltd WHK.AX :

* WHITEHAWK- IMPLEMENTATION OF SHARE PURCHASE DEAL & EQUITY SWAP AGREEMENT WITH RIVERFORT GLOBAL OPPORTUNITIES PPC

* WHITEHAWK LTD - CO WILL ISSUE 13 MILLION ORDINARY SHARES WITH PLACEMENT PRICE OF A$0.077 PER SHARE

* WHITEHAWK - UNDER EQUITY SWAP DEAL, RIVERFORT MUST MAKE MONTHLY PAYMENTS TO CO WHICH, WHEN AGGREGATED WILL EQUAL TO A$1M

* WHITEHAWK LTD - FUNDS RAISED WILL BE USED FOR WORKING CAPITAL TO BROADEN SALES CHANNELS AND TO EXECUTE PROOFS OF VALUE

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