Greenhawk Resources Inc. (“Greenhawk” or the “Company”) (CSE: GRHK) announces that it has entered into the business option and joint venture agreement dated May 21, 2025 (the “Agreement”) with 1531323 BC Ltd. (“1531323 BC”) with respect to the Company’s properties in Greenland.
Under the terms of the agreement, 1531323 BC was required to make a cash payment of C$100,000 within 90 days. Since this payment has not been made, the Company has exercised its right to cancel the Agreement.
The company continues to evaluate strategic alternatives for its Greenland assets and plans to update its technical report before the end of the year.
About Greenhawk Sources Inc.
Greenhawk is a Canadian resource exploration and development company. Greenhawk owns a 100% legal and economic interest in two mineral exploration licenses and one prospecting license in Greenland, known as the Storø Gold Project. Additional information about Greenhawk can be obtained from SEDAR+ at sedarplus.ca. Greenhawk is listed on the Canadian Securities Exchange ( www.thecse.com ) (Cse: grhk).
Issued on behalf of the Board of Directors of Greenhawk Sources Inc . For information please contact:
David Jagodzinski, director of business development
Phone: +1 (416) 504-2020
E-mail: info@grhk.ca
NEITHER THE CANADIAN EFFECTS STOCK STOCK NOR ARE REGULATIONS SERVICES PROVIDER HAVE RESPONSIBILITY FOR THE SUITABILITY OR ACCURACY OF THESE EDITION
Carefully Remark Regarding Future-oriented Information
This press release contains statements that constitute “forward-looking information” within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates and projections as of the date of this press release. Forward-looking information includes, but is not limited to, statements regarding the Company’s plans to update its technical report and evaluate strategic alternatives for its assets in Greenland. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in such forward-looking information. There can be no assurance that such information will prove to be accurate, and readers are cautioned not to place undue reliance on forward-looking information. The Company disclaims any obligation to update or revise any forward-looking information, except as required by applicable law.
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