Hawke’s Point has entered a subscription agreement with Capricorn Metals Limited (“Capricorn”) for an investment A$10.0 million, marking its first investment.

Capricorn is a Western Australia-based gold developer that owns the flagship Karlawinda Gold Project. Hawke’s Point’s investment will fully fund the Karlawinda Gold Project through the pending Definitive Feasibility Study anticipated to be completed in late 2017.

Following a comprehensive due diligence process, Hawke’s Point has concluded that the Karlawinda Gold Project stands out as one of the most attractive new gold development opportunities in Australia. The firm shares Capricorn’s belief in the project’s long-term value and is excited to support its future as a strategic partner of the Company.