Red MOON Closes First Tranche of Its $3.5 Million Financing
TSXV: RMK
333 Duckworth Street, St. John's
NL, A1C 1G9
Telephone: (709) 754-3186
Fax: (709) 754-3946
RedMoonResources.com
RED MOON CLOSES FIRST TRANCHE
OF ITS $3.5 MILLION FINANCING
St. John’s, Newfoundland and Labrador, March 1 1, 2021 - Red Moon Resources Inc. (“the
Company” - “Red Moon” - TSXV: RMK) is pleased to announce that it has closed a first tranche of
3,524,003 units for proceeds of $1,233,401 from the previously announced p rivate placement of
$3,500,000 in units priced at $0.35 (refer to Feb. 17, 2021 news release). The balance of $2,266,599
will close next week.
Each unit consists of one common share and one half of a common share warrant, with each whole
warrant exercisable at a price of $0.55 per common share for a period of two years following closing.
Proceeds of the financing will go toward completing a Feasibility Study for the Great Atlantic Salt Project
featuring a large and homogeneous high-grade resource strategically located near a deep-sea port in
western Newfoundland. Financing proceeds will also go toward further exploration and development of
the Company’s gypsum and nepheline projects.
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 Inc. is an emerging commodities leader in Atlantic Canada, focused on
Newfoundland and Labrador, with 100% ownership of the Great Atlantic salt deposit in addition to a
producing gypsum mine and an early-stage nepheline discovery.
For information, please contact:
Patrick J. Laracy, President and CEO
(709) 754-3186
RedMoonResources.com
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.