Hawkmoon Resources Corp. announced a non-brokered private placement of up to 1,587,500 units at a price of CAD 0.08 per unit for gross proceeds of up to CAD 127,000 on March 24, 2023. The transaction included participation from insider investor for 500,000 units.

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 paid finder fees of CAD 3,200 were paid and 40,000 finder's warrants.