Business
Red Eagle Mining Announces $5.6 Million Equity Financing
Red Eagle Mining Announces $5.6 Million Equity Financing.
About this update from Red Eagle Mining Corp
[{"type":"text","content":"\n\n VANCOUVER, British Columbia, Dec. 19, 2017 (GLOBE NEWSWIRE) -- Red Eagle Mining Corporation (TSX:R) (BVL:R) (OTCQX:RDEMF) is pleased to announce a private placement for gross proceeds of $5,615,908, consisting of 16,045,454 units (“Unit”) at a price of $0.35.  Each unit is composed of a common share (\"Share\") and a warrant (“Warrant”) exchangeable into a Share at a price of $0.50 until August 7, 2022. \n Proceeds will be used for working capital at the Santa Rosa Gold Project.  The Shares and Warrants are subject to a four month hold period from the date of issuance.  Final closing is expected to occur on or about December 21, 2017, subject to TSX approval. About Red Eagle Mining Red Eagle Mining is a gold producer focused on building shareholder value through acquiring, developing and operating gold projects in Colombia, a jurisdiction with prolific historic production but until recently limited modern exploration.  Red Eagle Mining owns 100% of the Santa Rosa Gold Project and controls Red Eagle Exploration Limited which owns 100% of the Vetas Gold, California Gold and Santa Ana Silver Projects and is actively consolidating additional high grade precious metal deposits in Colombia. For further information on Red Eagle Mining Corporation please contact: Patrick BalitVice President Corporate DevelopmentRed Eagle Mining CorporationSuite 2348 – 666 Burrard StreetVancouver, BC, V6C 2X8+1 778 372 2558+1 604 360 5722 [email protected] This news release includes forward-looking statements that are subject to risks and uncertainties.  All statements within, other than statements of historical fact, are to be considered forward looking.  Although Red Eagle Mining believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements.  Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.  There can be no assurances that ...