Moonbound Mining Ltd. announced a non-brokered private placement of up to 3,409,090 units at the price of CAD 0.11 per unit for gross proceeds of up to CAD 375,000 on April 19, 2023. Each unit will consist of one common share and one transferable common share purchase warrant . Each warrant will entitle the holder to acquire one common share at an exercise price of CAD 0.20 for a period of 24 months following closing of the transaction.

All securities issued pursuant to the transaction will be subject to a four month hold period from the date of closing. The company may pay finder's fees in cash, shares or warrants or any combination thereof to certain finders or advisors in connection with the sale of Units in accordance with the policies of the CSE.