Earthwise Minerals Raises $703,500 to Advance Iron Range Gold Project

Hawkmoon Resources ( (TSE:WISE) ) has provided an update.

Earthwise Minerals has closed a non-brokered private placement, raising $703,500 through the issuance of 2,400,000 non-flow-through units and 11,670,000 flow-through units at $0.05 per unit. Each non-flow-through unit includes one common share and one warrant exercisable at $0.08 for 24 months, while each flow-through unit comprises one common share qualifying as a flow-through share and one-half warrant, with all securities subject to a four-month-plus-one-day hold period.

The company will direct proceeds from the flow-through offering to exploration work at its Iron Range Gold Property in British Columbia and allocate non-flow-through proceeds to general working capital. The financing, which also involved modest finders’ fees and broker warrants, strengthens Earthwise’s balance sheet and supports continued advancement of its flagship Iron Range project within a prolific mineralized corridor.

More about Hawkmoon Resources

Earthwise Minerals Corp. is a Canadian junior exploration company focused on advancing the Iron Range Gold Project in southeastern British Columbia near Creston. The company holds an option to earn up to an 80% interest in the fully permitted, road-accessible project, which spans a 10 km by 32 km area along the Iron Range Fault System and hosts multiple high-grade gold showings and large-scale geophysical and geochemical anomalies.

Average Trading Volume: 192,260

Technical Sentiment Signal: Hold

Current Market Cap: C$2.32M

For detailed information about WISE stock, go to TipRanks’ Stock Analysis page.