Moonbound Mining Ltd. announced a non-brokered private placement of up to 14,286,000 units at a price of CAD 0.0525 per unit for gross proceeds of up to CAD 750,000 on February 17, 2023. Each unit consists of one common share and one warrant. Each whole warrant will entitle the holder to purchase one common share at an exercise price of CAD 0.10 per share at any time within 2 years after closing.

All securities to be issued in the transaction will be subject to a 4 month hold period. The transaction is subject to receipt of all required regulatory and CSE approvals.