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CALGARY, ALBERTA--(Marketwired - March 3, 2016) - Hawk Exploration Ltd. ("Hawk" or the "Corporation") (TSX VENTURE:HWK.A) announces the Corporation's $4 million term demand loan facility has been extended from May 31, 2016 to June 30, 2016. The Corporation's amended credit facility consists of a $7 million revolving demand facility and a $4 million term demand loan facility. The $7 million revolving demand facility has an interim review date of March 31, 2016. Repayment of the $4 million term demand loan facility due on June 30, 2016 will require the Corporation to obtain additional sources of financing. Additional sources of financing may include proceeds from asset dispositions, or proceeds from the issuance of equity, although there are no assurances that additional sources of financing will be available on terms acceptable to the Corporation. |
