Red Moon Arranges Private Placement
Red Moon Arranges Private Placement St. John’s, Newfoundland and Labrador, June 7, 2021 – Red Moon Resources Inc. (the “Company” or “Red Moon” – TSXV: RMK) announces that investors are subscribing for up to 1,282,051 units of the Company in a non-brokered private placement at 78 cents per unit for gross proceeds to the Company of $1 million. Each unit in the financing consists of one common share and one common share purchase warrant, with each warrant to be exercisable at a price of $1.05 for a period of two years following the close of the offering (subject to an acceleration clause, see below). Mr. Patrick Laracy, Red Moon CEO, commented: “We are accommodating demand from certain strategic investors while maintaining our commitment to limited share dilution given our already strong financial position and other favorable metrics.” In the event that the closing price of the company’s shares on the TSX […]