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Fox Island, WA, February 10th, 2009- Black Hawk Exploration (BHWX –OTCBB) a diversified energy and metals exploration company with its current focus on premium US based Lithium and Gold acquisition and exploration previously announced on October 19, 2009 that it hads entered into an equity financing agreement for up to $1,000,000 with Blue Leaf Capital Limited. Under the terms of the Agreement, the Company may from time to time request a purchase from Blue Leaf of up to $200,000 (each, an ''Advance'') per request for operating expenses, acquisitions, working capital and general corporate activities.
On the 19th of Oct. 2009 Black Hawk Exploration received its first investment of $55,000. On the 20th of Nov.2009 Black Hawk Exploration requested and received its second investment for an additional $200,000 from Blue Leaf Capital Limited. On January 29th, 2009 Black Hawk received an additional $200,000 as requested
''As the international demand for battery-powered devices and precious metal steadily increases, the Global demand for our potential Lithium and Gold production has focused the investment communities spotlight on Black Hawk Exploration.
Through its wholly owned Blue Lithium Energy subsidiary and its holdings in Clayton Valley and its wholly owned Golden Black Hawk subsidiary and its historic Dun Glen holdings, Black Hawk Exploration and its future growth is now in the investors eye..” stated Mr. Kevin Murphy, Black Hawk Exploration's CEO.
CEO@BlackHawkExploration.com
Under the terms of the agreement, Black Hawk has the right to call upon funds as needed. Black Hawk has received its third tranche which will be used for additional claim development , evaluations and operating expenses associated with its Gold and Lithium exploration. Black Hawk may draw up to a total of $1,000,000 issuing units consisting of one share of its common stock at $0.85 US and one common stock purchase warrant exercisable for the purchase of one additional share of common stock at $01.05 for the first 12 months and $1.25 if exercised by the end of the second year. The securities to be issued under the agreement have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States absent a registration or an applicable exemption from the registration requirements.
About Black Hawk Exploration Inc.:
Black Hawk is a diversified metals and energy exploration company with its current focus on Lithium and Gold exploration through its wholly owned subsidiaries Blue Lithium Energy and Golden Black Hawk. Black Hawk Exploration is committed to an aggressive program of value added property acquisition, project generation, asset diversity and building Shareholder value.
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