Hawkmoon Resources Corp. announced a non-brokered private placement of up to 12,500,000 units at a price of CAD 0.08 per unit for gross proceeds of up to CAD 1,000,000 on January 9, 2023. Each unit consists of one common share of the company and one share purchase warrant.

Each warrant will be exercisable to acquire one common share of the company at an exercise price of CAD 0.10 for a period of two years from the date of issuance. The units issued in the transaction will be subject to a four month hold period. The company may pay commissions or finder fees on the amount raised through the offering.

The terms of the financing are subject to applicable securities laws and regulatory requirements.