Seahawk Ventures Inc. (CSE: SEAG.X | OTC Pink: SEHKF) — Terminates Proposed Change of Business; Refocuses on Gold Exploration with CA $2.0M Financing
Overview
Seahawk Ventures Inc. (“Seahawk” or the “Company”) has announced the termination of its proposed change of business transactions with Alluvial Capital Corp. and FlexGPU Inc., following the passing of Keith Talbot, founder of both companies.
With no penalties, fees, or advances incurred, Seahawk will now refocus on its gold exploration portfolio in Quebec’s Urban-Barry Greenstone Belt, re-establishing its original direction as a precious metals explorer.
In connection with this strategic pivot, the Company will revert to its former name, Seahawk Gold Corp., and has announced plans to raise up to CA $2.0M through a non-brokered private placement to advance exploration and evaluate additional mineral opportunities.
Key Developments
1. Termination of Technology Transactions
- Seahawk has formally terminated both share exchange agreements signed June 17, 2025, with Alluvial Capital Corp. and FlexGPU Inc.
- No termination fees or advances were made, and the Company retains all financial flexibility.
- Trading of Seahawk’s shares, which was halted on June 18, 2025, is expected to resume upon CSE approval now that the transactions have been cancelled.
2. Strategic Refocus and Corporate Name Change
- Seahawk will return its focus to exploration and value generation through its gold property portfolio, reverting its name to Seahawk Gold Corp.
- The renewed focus coincides with a period of historically strong gold prices, which continue to trade near all-time highs above US $4,100/oz, supporting renewed investor interest in gold exploration assets.
- Management views the return to its core gold business as an opportunity to re-engage with its existing exploration projects while reviewing new acquisition prospects in the region.
3. Planned CA $2.0M Non-Brokered Financing
- Seahawk intends to complete a CA $2.0M private placement through the sale of up to 5,000,000 units priced at CA $0.40 per unit.
- Each unit will include one common share and one-half of one share purchase warrant, with each full warrant exercisable at CA $0.80 for one year.
- Proceeds will be directed toward exploration programs, geological work, potential property acquisitions, and general working capital.
- Finder’s fees may be payable, and all securities will carry a four-month-plus-one-day hold period, subject to regulatory and CSE approval.
Property Portfolio (100% Owned)
Seahawk holds a 100% interest in four gold properties located within Quebec’s Urban-Barry Greenstone Belt, part of the Abitibi Subprovince, one of Canada’s most prolific gold-producing regions.
The properties include:
- Touchdown Gold Property
- Mystery Gold Property
- Blitz Gold Property
- Xtra Point Gold Property
All four properties are strategically positioned near established deposits and active exploration zones, benefiting from the regional infrastructure, access, and geological continuity that characterize the Urban-Barry camp.
Context
The decision to re-align under the Seahawk Gold Corp. name and re-emphasize exploration coincides with a favorable macro environment for gold producers and developers. Elevated gold prices, driven by ongoing inflation, global uncertainty, and demand for hard assets, have supported renewed financing and exploration activity across the Abitibi region.
For Seahawk, returning to its gold roots enables the Company to focus on projects where it already holds geological data, surface sampling results, and prior exploration permitting. This direction may provide operational continuity and capitalize on investor interest in early-stage gold assets.
Listen to CEO Giovanni Gasbarro’s latest interview:
You can read the full press release below:
ArcStone Commentary
Seahawk’s recent developments mark a shift from diversification into technology ventures back toward its core strength in resource exploration.
The planned name change, combined with a CA $2.0M financing effort and near-record gold prices, positions the Company to resume technical work on its Quebec assets with a clearer market narrative. Next steps include CSE approval for trading resumption, completion of the financing, and a potential update outlining near-term exploration plans across its 100%-owned property portfolio.
ArcStone Financial Pulse Team
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