Red Eagle Mining (RD-V) July 14, '16 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 at a price of $0.70 per Share. 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.
About Red Eagle Mining
Red 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.
SOURCE Red Eagle Mining Corporation
Red Eagle Mining Corporation
please contact: Patrick Balit, Vice President Corporate Development,
Red Eagle Mining Corporation,
Suite 2348 - 666 Burrard Street,
Vancouver, BC,
V6C 2X8,
+1 778 372 2558,
+1 604 360 5722 mobile,
balit@redeaglemining.com ,
www.redeaglemining.com |
