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Red Eagle Mining completes $9 million equity financing
Red Eagle Mining completes $9 million equity financing.
About this update from Red Eagle Mining Corp
[{"type":"text","content":"\n\n\n\nRed Eagle Mining completes $9 million equity financing\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n\n\n\n\n\n\nRed Eagle Mining completes $9 million equity financing\nCanada NewsWire\nVANCOUVER, July 14, 2016\n\n\n\nVANCOUVER, July 14, 2016 /CNW/ - Red Eagle Mining Corporation (TSX-V: RD, OTCQX: RDEMF, SSE-V: RDCL) is pleased to announce that it has closed a private placement for gross proceeds of $9,223,638, consisting of 13,176,626 common shares (the \"Shares\") at a price of $0.70 per Share (the \"Financing\").  Proceeds will be used for exploration drilling of the Santa Rosa Gold Project.  The Shares are subject to a four month hold period from the date of issuance.\n\nAbout Red Eagle Mining\n\nRed Eagle Mining is a well-financed gold exploration and development corporation with an experienced mine development team.  Management is focused on building shareholder value through discovering and developing gold projects with low costs and low technical risks in Colombia, a jurisdiction with prolific historic production but until recently limited modern exploration.  Red Eagle Mining owns 71% of the Vetas Gold Project and 100% of the Santa Rosa Gold Project, where construction is underway at the fully permitted and fully financed San Ramon Gold Mine with production expected to commence in the second half of 2016.\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 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 the Company 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...