Stockwatch

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

Olafson Subject: Hawkmoon Resources Corp. Word Document File: '\\office\emailin\20220726 144535 Attachment 2022July26 - NR - PP Closes (Final).docx' NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES HAWKMOON RESOURCES ANNOUNCES CLOSING OF SECOND TRANCHE OF PRIVATE PLACEMENT July 26, 2022 - VANCOUVER, BRITISH COLUMBIA - Hawkmoon Resources Corp. (CSE:HM; OTCQB:HWKRF; FSE:966) ("Hawkmoon" or the "Company") is pleased to announce that it has closed a second tranche of the previously announced private placement (the "Second Tranche), pursuant to which the Company issued an aggregate of 700,000 units (each, a "Unit") of the Company at a price of $0.05 per Unit, for aggregate gross proceeds of $35,000. Each Unit consists of one (1) common share of the Company (a "Share") and one (1) 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 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 towards 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 ("MI 61-101"). One director of the Company acquired 200,000 Units (the "Insider 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% of the Company's market capitalization. This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. About Hawkmoon Resources Hawkmoon is focused entirely on its two Quebec gold projects. Wilson Gold Project is located in one of the world's largest gold endowed areas, the Abitibi Greenstone Belt. The Wilson is accessed 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. For more information, review the Company's filings available at www.sedar.com. HAWKMOON RESOURCES CORP. ON BEHALF OF THE BOARD "Branden Haynes" Branden Haynes, Chief Executive Officer Forward Looking Statements This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, including statements regarding the expected use of proceeds from the Unit Offering are "forward-looking statements". These forward-looking statements reflect the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. For more information, please contact Branden Haynes, Chief Executive Officer and Director, Email: branden@hawkmoonresources.com; Telephone: 604-817-1595