Red Moon Closes $3.5 Million Financing
Red Moon Closes $3.5 Million Financing St. John’s, Newfoundland and Labrador, March 25, 2021 – Red Moon Resources Inc. (the “Company” or “Red Moon” – TSXV: RMK) is pleased to announce that with the closing of the second tranche of its non-brokered private placement, the Company has raised total gross proceeds of $3.5 million in an offering that has received TSX Venture Exchange (“TSXV”) final approval. The second tranche comprised 6,475,941 units (“Units”) at a price of $0.35 for gross proceeds of $2,266,579, adding to the first tranche closing of 3,524,003 units at $0.35 for gross proceeds of $1,233,401 (refer to March 11, 2021, news release). In total, the Company placed 9,999,944 units at $0.35 for gross proceeds of $3,499,980. Each unit consisted of one common share and one-half of a common share purchase warrant exercisable at a price of $0.55 per common share for a period of two years following […]