Hawkeye Gold & Diamond Inc. announced a non-brokered private placement of of 12,000,000 common units at a price of CAD 0.02 per unit for proceeds of CAD 300,000 and 12,000,000 flow-through units at a price of CAD 0.025 per flow-through units for proceeds of CAD 240,000 for gross proceeds of CAD 540,000 on March 4, 2022. Each common unit will consist of one non-flow through common share of the company and one transferable share purchase warrant, with each such warrant entitling the holder to acquire one common share at a price of CAD 0.075 per common share for a period of 24 months following closing of the offering. Each flow-through unit will consist of one flow-through common share of the company and one half of a transferable share purchase warrant, with each such full warrant entitling the holder thereof to acquire one non-flow-through common share at a price of CAD 0.075 per common share for a period of 24 months following closing of the offering. If at any time after the closing date the corporation's common shares have a closing price of CAD 0.15 or more per share for ten consecutive trading days on the TSX Venture Exchange. The securities are subject to a four month plus one day hold period from closing of the offering in accordance with applicable securities legislation and completion is subject to receipt of applicable regulatory approvals, including the approval of the TSX Venture Exchange. Finder's fees may be paid on all or a portion of the offering.

On March 16, 2022, the company announced that it has received conditional acceptance from TSX Venture Exchange for the issuance of non-flow through units.