By Marketwire,
May 8, 2009 at 10:57 PM
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 8, 2009) - Gold Hawk Resources Inc. ("Gold Hawk" or the "Company") (TSX VENTURE:CGK) is pleased to announce that it has signed a final loan agreement with its lender in connection with the Company's US$13.0 million restructured loan facility. The funds were advanced to the Company on February 13, 2009 (see February 17, 2009 media release "Gold Hawk receives US$2.0 million from restructured loan") and are being used to support ongoing activities at the Coricancha Mine and for general corporate purposes. The loan repayment date will be February 13, 2010, which follows the Company's planned restart of production later this year once re-start financing is in place. The Company announced the original signing of the indicative term sheet for the restructured loan on February 2, 2009.