Earthwise Minerals Corp C.WISE

Hawkmoon Closes First Tranche Non-Brokered Private Placement

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Hawkmoon Resources Closes First Tranche of Non-Brokered Private Placement of Flow-Through Units

December 7, 2021 – Vancouver, B.C. – Hawkmoon Resources Corp. (CSE: HM, FSE: 966) (“Hawkmoon” or the “Company”) is pleased to announce that the Company has completed the first tranche (the “First Tranche”) of its previously announced non-brokered private placement of flow through units (each, an “FT Unit”) through the issuance of 8,000,000 FT Units at $0.10 per FT Unit (the “FT Offering”), for aggregate gross proceeds to the Company of $800,000.

Each FT Unit is 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 $0.12. The Company expects to use the net proceeds from the First Tranche towards the 2022 drill program at the Company’s Wilson project and for general working capital.

Finder’s fees of $69,000 were paid and 690,000 finder’s warrants were issued in connection with the First Tranche. GloRes Securities was the lead finder for the First Tranche. Each finder’s warrant is exercisable at $0.10 for a period of twenty-four (24) months from the date of issuance. All securities issued in connection with the First Tranche are subject to a statutory hold period expiring four months and one day from issuance.

About Hawkmoon Resources

Hawkmoon is focused entirely on its three Quebec gold projects. Two of these projects are located in one of the world’s largest gold endowed areas, the Abitibi Greenstone Belt. Both these gold projects are accessed by government-maintained roads and are in close proximity to each other east of the town of Lebel sur Quvillon. The third project is situated in the Belleterre Gold Camp southwest of Val-d’Or.

For more information, review the Company’s filings available at www.sedar.com.

Contact Information
 
Branden Haynes
Director and Chief Executive Officer
Telephone: [phone]
Email: [e-mail]