NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
August 10, 2021 – Vancouver, B.C. – Hawkmoon Resources Corp. (CSE: HM, FSE: 966) (“Hawkmoon” or the “Company”) is pleased to announce that it has closed its previously announced private placement (the “Private Placement”) for gross proceeds of $796,770. Through the Private Placement, the Company issued an aggregate of 3,215,000 flow-through units of the Company (each, a “FT Unit”) at a price of $0.10 per FT Unit, for aggregate gross proceeds of $321,500, and an aggregate of 6,789,571 non-flow-through units of the Company (each, an “NFT Unit”) at a price of $0.07 per NFT Unit, for aggregate gross proceeds of $475,270.
Each FT Unit consists of one (1) common share, issued on a flow-through basis pursuant to the Income Tax Act (Canada), and one (1) common share purchase warrant (a “Warrant”). Each Warrant is exercisable at a price of $0.17 for a period of twenty-four (24) months from the date of issuance. Each NFT Unit consists of one (1) common share and one (1) Warrant. The Company intends to use the proceeds from the Private Placement towards the drill programs at its two principal properties, marketing and general working capital.
Finder’s fees of $33,269.60 were paid and 454,580 finder’s warrants were issued in connection with the Private Placement. Each finder’s warrant is exercisable at $0.17 for a period of twenty-four (24) months from the date of issuance. All securities issued in connection with the Private Placement are subject to a statutory hold period expiring four months and one day from issuance.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.
About the Company
Hawkmoon recently completed its initial public offering and is focused entirely on its two Québec gold projects in one of the world’s largest gold deposits, the Abitibi Greenstone Belt. Both these gold projects are accessible by government-maintained roads and are in close proximity to each other, east of the town of Lebel-sur- Quévillon. For more information, review the Company’s filings available at www.sedar.com.
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 Private Placement 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.
Director and Chief Executive Officer