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Abstract
(Marketwire - Dec. 27, 2007) - Hawthorne Gold Corp. ("Hawthorne" or the "Company") (TSX VENTURE:HGC) announces it has closed the non-brokered private placement announced on December 19, 2007, to raise gross proceeds of $3 million. The private placement consists of 1,875,000 units priced at $1.60 per unit. Each unit consists of one common share and one-half warrant. Each whole warrant is exercisable for a period of 18 months from the date of close, to acquire one common share at $2.25 per share.
Hawthorne Gold Corp. is a Canadian-based gold exploration and development company with key properties located in British Columbia, Canada. Hawthorne Gold is managed by well-respected mining leaders [Richard J. Barclay] and Michael Beley. Together with mining veteran [Michael Redfearn, P.Eng], and a strong board of Directors from across the mining industry, the goal is to become another successful gold company through focused exploration initiatives, continued development of the Frasergold mineral deposit, the Taurus gold deposit and potential acquisitions of other projects.