Business
Red Pine Announces Upsize of Brokered Offering to $8.5 Million
Toronto, Ontario--(Newsfile Corp. - June 23, 2025) - Red Pine Exploration Inc. (TSXV: RPX) (OTCQB...
About this update from Rpx Gold Inc.
[{"type":"text","content":"Red Pine Announces Upsize of Brokered Offering to $8.5 MillionToronto, Ontario--(Newsfile Corp. - June 23, 2025) - Red Pine Exploration Inc. (TSXV: RPX) (OTCQB: RDEXF) (\"Red Pine\" or the \"Company\") is pleased to announce that, due to strong investor demand, it has entered into an amendment agreement with Research Capital Corporation as the sole bookrunner and co-lead agent, and together with Haywood Securities Inc., as co-lead agents (the \"Agents\") to increase the size of the previously announced brokered, best-efforts Listed Issuer Financing Exemption private placement offering (the \"Offering\") of securities of the Company (the \"Offered Securities\") to $8,500,000 in aggregate gross proceeds, in a combination of:a minimum of 12,500,000 and up to a maximum of 55,000,000 non-flow-through units of the Company (the \"NFT Units\") at a price of $0.10 per NFT Unit for a minimum of $1,500,000 and up to $5,500,000 in gross proceeds. Each NFT Unit will consist of one common share of the Company (a \"Common Share\") and one-half of one Common Share purchase warrant (each whole warrant, a \"Warrant\"); up to 12,500,000 flow-through units of the Company (the \"FT Units\") comprised of one Common Share and one-half of one Warrant. Each such Common Share and Warrant comprising a FT Unit will qualify as a \"flow-through share\" within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the \"Tax Act\"). The FT Units will be issued at a price of $0.12 per FT Unit for up to $1,500,000 in gross proceeds; andup to 10,714,285 flow-through units of the Company (the \"CFT Units\"), comprised of one Common Share and one-half of one Warrant. Each such Common Share and Warrant comprising a CFT Unit will qualify as a \"flow-through share\" within the meaning of subsection 66(15) of the Tax Act. The CFT Units will be issued as part of a charity arrangement at a price of $0.14 per CFT Unit for up to $1,500,000 in gross proceeds. Each Warrant shall entitle the holder thereof to purchase one Common Share at an exercise price of $0.15 for a period of 36 months following the closing of the Offering.The gross proceeds from the sale of NFT Units will be used for working capital, general corporate purposes, and the evaluation of the potential for future open pit production at the Wawa Gold Project, including technical studies and permitting...