Red Moon Arranges $3.25 Million Financing
Red Moon Arranges $3.25 Million Financing St. John’s, Newfoundland and Labrador, May 5, 2021 – Red Moon Resources Inc. (the “Company” or “Red Moon” – TSXV: RMK) announces that it has arranged a non-brokered private placement financing with strategic investors to raise total gross proceeds of up to $3.25 million. Mr. Patrick Laracy, Red Moon CEO, commented: “Our Great Atlantic Salt Project Feasibility Study is fully funded. As outlined in our April 27 news release, favorable dynamics have created new opportunities to expand our profitable gypsum operations. This financing with strategic investors will allow us to do that.” Under the terms of the offering, the Company intends to place 3,461,538 units at $0.65 per unit. Each unit will consist of one common share and one-half of a common share purchase warrant, with each whole warrant to be exercisable at a price of $0.90 per share for a period of two years […]