Red Moon Financing Fully Subscribed, New Website Launched
Red Moon Financing Fully Subscribed New Website Launched St. John’s, Newfoundland and Labrador, March 5, 2021 – Red Moon Resources Inc. (“the Company” – “Red Moon” – TSXV: RMK) is pleased to provide the following corporate update as the Company accelerates its Great Atlantic Salt Project, the Ace open-pit gypsum mine and the Black Bay high-purity nepheline discovery targeting the glass market. Private Placement The Company’s previously announced private placement of $3,500,000, all in hard dollar units priced at $0.35 per unit (refer to Feb. 17, 2021 news release), is fully committed and will close shortly. Each unit consists of one common share and one half of a common share warrant, with each whole warrant exercisable at a price of $0.55 per common share for a period of two years following closing. This private placement is subject to an acceleration clause whereby in the event that the closing price of the Company’s […]