Red Moon Arranges Private Placement
TSXV: RMK
333 Duckworth Street, St. John's
NL, A1C 1G9
Telephone: (709) 754-3186
Fax: (709) 754-3946
RedMoonResources.com
Red Moon Arranges Private Placement
St. John’s, Newfoundland and Labrador, June 7, 2021 - Red Moon Resources Inc. (the “Company” or
“Red Moon” - TSXV: RMK) announces that investors are subscribing for up to 1,282,051 units of the
Company in a non-brokered private placement at 78 cents per unit for gross proceeds to the Company of $1
million.
Each unit in the financing consists of one common share and one common share purchase warrant, with each
warrant to be exercisable at a price of $1.05 for a period of two years following the close of the offering (subject
to an acceleration clause, see below).
Mr. Patrick Laracy, Red Moon CEO, commented: “We are accommodating demand from certain strategic
investors while maintaining our commitment to limited share dilution given our already strong financial position
and other favorable metrics.”
In the event that the closing price of the company’s shares on the TSX Venture Exchange is $1.50 or greater
per share during any 10 consecutive trading day period at any time subsequent to four months and one day after
the closing date, all warrants in this offering will expire at 4:00 pm Newfoundland time on the 30th day after the
date on which the company provides notice of such accelerated expiry to the holders of the warrants.
The proceeds of the offering will be used by the company for general working capital purposes. The securities
issued will have a four-month hold period as per applicable regulations. The financing is subject to TSX Venture
Exchange approval.
About Red Moon Resources
Red Moon Resources is an emerging commodities leader in Atlantic Canada, focused on Newfoundland and
Labrador, with 100-per-cent ownership of the Great Atlantic salt deposit in addition to a producing gypsum
mine, an early-stage nepheline discovery, and strategic ground covering the Fischell's Brook salt dome and
adjacent claims.
We seek Safe Harbor.
For information, please contact:
Patrick J. Laracy, CEO
(709) 754-3186
RedMoonResources.com
MarketSmart Communications Inc.
Adrian Sydenham
Toll-free: 1-877-261-4466
Email: [email protected]
Not for release in the United States or to U.S. newswire services
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This
release may contain certain forward-looking statements. Actual events or results may differ from the Company’s expectations.
Certain risk factors beyond the Company’s control may affect the actual results achieved. Accordingly, readers are advised not to
place undue reliance on forward-looking information. Except by law, the Company undertakes no obligation to publicly update or
revise forward-looking information.