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Hawkmoon Resources Announces Two Non-Brokered Private Placements, Closing of First Tranches of Private Placements and Prepares for Drilling on Wilson Property
VANCOUVER, British Columbia / Jun 07, 2022 / Business Wire / Hawkmoon Resources Corp. (CSE:HM; OTCQB:HWKRF; FSE:966) (“Hawkmoon” or the “Company”) is pleased to
About this update from Earthwise Minerals Corp
[{"type":"text","content":"VANCOUVER, British Columbia / Jun 07, 2022 / Business Wire / Hawkmoon Resources Corp. (CSE:HM; OTCQB:HWKRF; FSE:966) (“Hawkmoon” or the “Company”) is pleased to announce that, further to its news release from April 13th 2022, it has prepared a comprehensive budget for its planned 5,000 meter drill program on the Wilson Project, expected to commence in July 2022 (the “Drill Program”). Hawkmoon is well financed with flow-through capital from its last private placement close in December 2021 and has earmarked those funds for exploration expenditures this summer and fall. In order to finance ongoing general and administrative expenses, the Company is announcing its intention to carry out a non-brokered “hard-dollar” private placement of up to $500,000, to be carried out through two offerings. Through the first offering (the “Warrant Offering”), the Company intends to issue up to 10,000,000 warrants (each, a “Warrant”) of the Company at a price is $0.025 per Warrant, for aggregate gross proceeds of up to $250,000. Each Warrant will be exercisable into one common share (a “Share”) at a price of $0.025 per Share at any time prior to 5:00 pm on the date that is 24 months from the closing date. Through the second offering (the “Unit Offering” and, together with the Warrant Offering, the “Offerings”), the Company intends to issue up to 5,000,000 units (each, a “Unit”) of the Company at a price of $0.05 per Unit, for aggregate gross proceeds of up to $250,000. Each Unit will consist of one (1) Share at $0.05 and one (1) common share purchase warrant (a “Unit Warrant”) with each Unit Warrant exercisable into one Share at a price of $0.07 per Share at any time prior to 5:00 pm on the date that is 24 months from the closing date. All securities issued in connection with the Offerings will be subject to a four-month and one day hold period under applicable securities laws. The Company is pleased to announce that it has closed (i) a first tranche of the Warrant Offering (the “Warrant Offering First Tranche”), through the issuance of 4,200,000 Warrants, for gross proceeds of $105,000, and (ii) a first tranche of the Unit Offering (the “Unit Offering First Tranche” and, together with the Warrant Offering First Tranche, the “First Tranche”), through the issuance of 3,000,000 Units, for gross proceeds of $150,000. The Company paid a finder’s fee of...