Sept 14 (Reuters) - Redhawk Resources Inc RDK.TO
* Redhawk signs option agreement on Zambian copper/cobalt projects with Copperzone Resources Ltd. and announces $1,050,000 private placement
* Option agreement on four copper/cobalt projects in Zambia
* Says terms of option agreement entitle redhawk to earn a 55% interest in projects
* Says under terms of option agreement, co to make exploration expenditures of us $1.5 million over a twelve month period
* Announces a non-brokered private placement for up to 15 million units of company at a price of $0.07 per unit
* Proceeds of private placement will be used for initial work program on projects and for general working capital Source text for Eikon: ID:nMKWqx5sXa Further company coverage: RDK.TO