VANCOUVER, British Columbia--(BUSINESS WIRE)--Hawkmoon Resources Corp. (CSE: HM, FSE: 966) (“Hawkmoon” or the “Company”) is pleased to announce that the Company has prepared a comprehensive budget for 2022 that includes a drill program on the Wilson Project, expected to commence Summer 2022 (the “Drill Program”).
To finance the foregoing, the Company is announcing its intention to carry out a non-brokered private placement of (i) flow through units (each, an “FT Unit”) at the price of $0.10 per FT Unit (the “FT Offering”) and (ii) non flow through units (each, an “NFT Unit”) at the price of $0.09 per NFT Unit (the “NFT Offering” and, together with the FT Offering, the “Offering”). Through the Offering, the Company intends to raise aggregate gross proceeds of up to $1,500,000.
Each FT Unit will be composed of one (1) common share (a “Common Share”) of the Company, issued on a flow-through basis pursuant to the Income Tax Act (Canada), and one (1) Common Share purchase warrant, each such warrant to entitle the holder to acquire one (1) additional Common Share for a period of two (2) years from the date of issuance, at a price of $0.12. Each NFT Unit will be composed of one (1) Common Share and one (1) Common Share purchase warrant, each such warrant to entitle the holder to acquire one (1) additional Common Share for a period of two (2) years from the date of issuance, at a price of $0.12.
A portion of the Offering may be completed in accordance with the exemption set out in...
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