Redhawk Resources Announces Appointment of Roth Capital as PAL for OTCQX
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/01/12 -- Redhawk Resources, Inc. ("Redhawk" or the "Company") (TSX:RDK)(OTCQX:RHWKF)(FRANKFURT:QF7) is pleased to announce the appointment of Roth Capital Partners, LLC ("Roth Capital") of Newport Beach, California as Investment Bank Principal American Liaison ("PAL") for the continued listing of the Redhawk's shares on the OTCQX International Tier of the OTC Markets Group Inc. securities quotation system.
J. Stephen Barley, Executive Chairman of Redhawk commented: "Roth Capital has a well respected and expanding capital markets team in the base metals sector and Redhawk is pleased to be working with this group as our Copper Creek project continues to rapidly advance towards a production decision. Copper Creek is a US based project and we are confident Roth Capital will successfully broaden our exposure to the US institutional equity market and create increasing market awareness of our unique copper project."
Roth Capital will replace Stifel Nicolaus & Company Incorporated who were the original PAL for the Company. Redhawk wishes to thank Stifel Nicolaus for all of their efforts on our behalf.
Redhawk is a Canadian-based resource exploration and development company with primary focus on the accelerated development of its advanced stage Copper Creek copper-molybdenum project in San Manuel, Arizona. The 100% owned Copper Creek property consists of approximately twenty-nine square miles of contiguous patented and unpatented mining claims and state prospecting permits, located about 70 miles northeast of Tucson, Arizona and about 15 miles east of San Manuel. The property is in the prolific southwest US porphyry copper belt at the projected intersection of a major northwest belt of porphyry copper deposits or mines (Ray, Miami/Globe, Superior/Resolution, Johnson Camp) and a major east-northeast belt of porphyry deposits (San Manuel/Kalamazoo, Silver Bell, Lakeshore, Safford, Morenci). The property is within sight of the former BHP Kalamazoo/San Manuel copper smelter and mine and within 30 miles of an existing operating copper mill and smelter. The area is a mining friendly and politically secure location with excellent and readily accessible infrastructure including power, rail, water, roads and qualified consultants.
About Roth Capital Partners
ROTH is an investment banking firm dedicated to the small-cap public market. Since its inception in 1984, ROTH has been an innovator in this market. Headquartered in Newport Beach, CA, ROTH has regional offices in San Diego, Los Angeles, Seattle, New York and Pennsylvania and a Hong Kong Limited Office.
ON BEHALF OF THE BOARD
J. Stephen Barley, Executive Chairman
The forward-looking information contained in this press release is made as of the date of this press release and, except as required by applicable law, Redhawk does not undertake any obligation to update publicly or to revise any of the included forward-looking information, whether as a result of new information, future events or otherwise. By its very nature, such forward-looking information requires Redhawk to make assumptions that may not materialize or that may not be accurate. This forward-looking information is subject to known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such information.
Neither TSX Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
Redhawk Resources, Inc.
J. Stephen Barley