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Market: TSX-V
Sector: General Mining - Gold
EPIC: HGC
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Hawthorne Gold
www.hawthornegold.com/s/Home.asp

Hawthorne Gold Corp. is a Canadian-based gold exploration and development company with key properties located in British Columbia, Canada.

Hawthorne Gold is led by respected mining leaders Richard Barclay and Michael Beley. Hawthorne's goal is to become a junior gold producer by working towards production at the Cassiar Gold Mine and continued resource development at the Taurus and Frasergold deposits.

Utilizing the management expertise in mine-finding, construction and operation, Hawthorne Gold anticipates pursuing additional exploration and late stage development projects.

Full Hawthorne Gold profile here
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Personnel Changes At Hawthorne Gold Amid Private Placement

10th Jan 2011, 8:28 am

Hawthorne Gold (TSX-V: HGC, PINK: HWTHF) said today it will replace its CEO as a result of its private placement with Skyocean Ventures Investment, a company controlled by Hawthorne Gold shareholder Zheng Zhou.


On October 14, Hawthorne Gold announced it arranged a non-brokered private placement of roughly 90.9 million shares at 11 cents a share.  Of the total, Skyocean Ventures Investment agreed to buy roughly 68 million shares, a deal later approved by Hawthorne shareholders in December.


If the deal closes this month as expected and Zhou exercises his Hawthorne warrants, he would become Hawthorne’s biggest shareholder with a 46.5% ownership.


Richard Barclay, Hawthorne’s current President and CEO, and Michael Beley, the company’s current chairman, has both agreed to step down at the closing of the private placement.  They will both be replaced by Skyocean nominees, Shijia Tang and Jian Zhang, respectively.  


Hawthorne also announced that its board has approved its name change to China Minerals Mining, which is subject to approval by the TSX Venture Exchange.

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