Red Moon Closes $3.25 Million Financing
Red Moon Closes $3.25 Million Financing ST. JOHN’S, Newfoundland and Labrador, May 28, 2021 (GLOBE NEWSWIRE) — Red Moon Resources Inc. (the “Company” or “Red Moon” – TSXV: RMK) announces that it has closed a non-brokered private placement financing to raise total gross proceeds of $3.25 million. Patrick Laracy, Red Moon CEO, stated: “We welcome new strategic investors with this financing which builds on our already strong financial position. We’re extremely well positioned to execute on multiple fronts and further build shareholder value.” Under the terms of the offering, the Company placed 3,461,538 units at $0.65 per unit. Each unit consisted of one common share and one-half of a common share purchase warrant, with each whole warrant exercisable at a price of $0.90 per share for a period of two years following the close of the offering (subject to an acceleration clause, see below). The financing also included a flow-through component comprising […]