03:52:02 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Hawkmoon Resources Corp
Symbol HM
Shares Issued 70,411,337
Close 2022-07-26 C$ 0.03
Market Cap C$ 2,112,340
Recent Sedar Documents

Hawkmoon closes $35,000 second tranche of placement

2022-07-26 18:05 ET - News Release

Mr. Branden Haynes reports

HAWKMOON RESOURCES ANNOUNCES CLOSING OF SECOND TRANCHE OF PRIVATE PLACEMENT

Hawkmoon Resources Corp. has closed a second tranche of the previously announced private placement pursuant to which the company issued an aggregate of 700,000 units of the company at a price of five cents per unit for aggregate gross proceeds of $35,000. Each unit consists of one common share of the company and one share purchase warrant with each unit warrant exercisable into one share at a price of seven cents per share at any time prior to 5 p.m. on the date that is 24 months from the closing date. All securities issued in connection with the second tranche will be subject to a four-month-and-one-day hold period under applicable securities laws. The company expects to use the net proceeds from the second tranche toward drilling programs and for general working capital.

Certain portions of the securities issued in the second tranche constitute a related-party transaction within the meaning of Multilateral Instrument 61-101 (Protection of Minority Security Holdings in Special Transactions). One director of the company acquired 200,000 units. The company relied on exemptions from the formal valuation and minority approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of the insider units, nor the consideration paid for the insider units exceeded 25 per cent of the company's market capitalization.

About Hawkmoon Resources Corp.

Hawkmoon is focused entirely on its two Quebec gold projects. The Wilson gold project is located in one of the world's largest gold-endowed areas, the Abitibi greenstone belt. The Wilson project is reachable by government-maintained roads and is in close proximity to the east of the town of Lebel-sur-Quevillon. The second project is situated in the Belleterre gold camp southwest of Val d'Or.

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