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Red Moon Closes $1,000,000 Financing

Red Moon Closes $1,000,000 Financing St. John’s, Newfoundland and Labrador, June 30, 2021 – 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 $1,000,000. Under the terms of the offering, the Company placed 1,282,053 units at $0.78 per unit. Each unit consisted of one common share and one common share purchase warrant, with each whole warrant exercisable at a price of $1.05 per share for a period of two years following the close of the offering. In the event that the closing price of the company’s shares on the TSX Venture Exchange is $1.50 or greater per share during any 10 consecutive trading day period at any time subsequent to four months and one day after the closing date, all warrants in this offering will expire at 4:00 pm Newfoundland time on […]

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Red Moon Hires PRmediaNow

Red Moon Hires PRmediaNow St. John’s, Newfoundland and Labrador, June 17, 2021 – Red Moon Resources Inc. (the “Company” or “Red Moon” – TSXV: RMK) has entered into an agreement with PRmediaNow, pursuant to which the firm will provide media relations services to Red Moon for an initial term of six months. PRmediaNow’s award-winning team of public relations professionals, media researchers and former national journalists has extensive experience securing editorial placements for public companies in leading business, investment, finance, technology, industry-trades, and all targeted media verticals. With a head office in Ottawa, and a satellite division in Tampa Bay, Florida, PRmediaNow delivers PR programs that lead to valuable media coverage, viral social media exposure, website traffic, investor interest, and business building opportunities. Scott Ledingham of PRmediaNow commented, “Red Moon is a unique and compelling story. Anchored by its advanced-staged Great Atlantic Salt Project, and the newly-added value of a renewable energy storage spinout with the emergence of […]

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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 […]

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Red Moon Appoints New CFO/Corporate Secretary

Red Moon Appoints New CFO/Corporate Secretary St. John’s, Newfoundland and Labrador, June 4, 2021 – Red Moon Resources Inc. (the “Company” or “Red Moon” – TSXV: RMK) announces the appointment of Gillian Russell, CPA, CA, as the new Chief Financial Officer and Corporate Secretary for the Company. Ms. Russell has over 20 years of accounting, audit and management experience including the roles of Controller and Manager in the private and public sectors. She is assuming this position with Red Moon which also includes the additional responsibilities of Business Manager. Ms. Russell holds a Chartered Professional Accounting Designation with the Institute of Chartered Accountants of Newfoundland and Labrador. Patrick Laracy, Red Moon CEO, commented: “We are very fortunate to have Gillian join our growing team at this very transformational time for Red Moon. She has exceptional credentials and will play an important role in our business development initiatives.” Red Moon extends its […]

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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 […]

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Red Moon Proposes Name Change and Renewable Energy Storage Spinout

RED MOON PROPOSES NAME CHANGE AND RENEWABLE ENERGY STORAGE SPINOUT St. John’s, Newfoundland and Labrador, May 13, 2021 – Red Moon Resources Inc. (the “Company” or “Red Moon” – TSXV: RMK) is pleased to provide the following corporate update: Highlights: Red Moon will be proposing a name change, to be presented to shareholders at a special AGM slated for July, 2021; The name change will better reflect the Company’s core business (potential supplier of high-grade salt for North American de-icing markets) as it advances its Great Atlantic Salt Project in western Newfoundland through the Feasibility Stage; To create a pure North American salt focus and unlock the value of other assets within the Company to the maximum benefit of shareholders, Red Moon is weighing various strategic options beginning with a planned spinout of “Fischell’s Brook”; The Fischell’s Brook asset will underpin Red Moon’s spinout of a renewable energy storage company that […]

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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 […]

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Red Moon Commences Seasonal Production at Gypsum Project

Red Moon Commences Seasonal Production at Gypsum Project St. John’s, Newfoundland and Labrador, April 27, 2021 – Red Moon Resources Inc. (the “Company” or “Red Moon” – TSXV: RMK) is pleased to provide an update on its Flat Bay Gypsum Project in western Newfoundland, immediately adjacent to its flagship Great Atlantic Salt Project. A tailwind for demand growth in natural gypsum continues to come from a reduction in supply of synthetic gypsum produced from coal-fired thermo-electric plants converting to alternative energy sources which do not produce gypsum as a by-product. Meanwhile, growth in the North American construction markets has also created a favorable backdrop for gypsum demand. Highlights: Red Moon is currently negotiating gypsum orders for 2021. Operations at the open-pit Ace mine have already commenced; In preparation for a gypsum-anhydrite resource calculation covering the entire Flat Bay Project, the Company has digitized the drill logs of 439 historic holes and […]

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Red Moon Hires MarketSmart Communications To Provide Investor Relations Services

Red Moon Hires MarketSmart Communications To Provide Investor Relations Services St. John’s, Newfoundland and Labrador, April 20, 2021 – Red Moon Resources Inc. (the “Company” or “Red Moon” – TSXV: RMK) has entered into an agreement with MarketSmart Communications Inc. (“MarketSmart”), pursuant to which MarketSmart will provide investor relations services to Red Moon for an initial term of twelve months.  Mr. Patrick Laracy, Red Moon CEO, commented: “This is a breakthrough year for Red Moon with respect to our Great Atlantic Salt Project. As we proceed through Feasibility, while also advancing other earlier-stage projects, we are now into a period of unprecedented news flow for this Company. We’re looking forward to working with MarketSmart, a leading Canadian IR firm, to inform existing shareholders and potential new investors about our progress and the Red Moon value proposition.”  Adrian Sydenham, President of MarketSmart, stated: “Red Moon has a very advantaged top tier asset […]

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Rowland Howe Appointed President of Red Moon

Rowland Howe Appointed President of Red Moon St. John’s, Newfoundland and Labrador, April 16, 2021 – Red Moon Resources Inc. (the “Company” or “Red Moon” – TSXV: RMK) announces that Mr. Rowland Howe has been appointed President of the Company, effective immediately, with Mr. Howe focusing on guiding the Great Atlantic Salt Project through an exciting transformative period for this asset and the North American salt market in general. Mr. Howe is highly regarded in the global salt industry and was manager at Compass Minerals’ (NYSE: CMP) Goderich mine in southern Ontario from 1996 to 2010 as that operation grew into the largest underground salt mine in the world. He continued with Compass for another six years in a strategic engineering role, delivering key projects across the company’s divisions, before retiring in 2016. Mr. Patrick Laracy, Red Moon CEO, commented: “We are thrilled to have Rowland greatly expand his role with […]

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