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To: Goose94 who wrote (13291)12/18/2015 12:57:42 PM
From: Goose94Read Replies (1) | Respond to of 203382
 
Wesdome Gold Mines (WDO-T) Dec 18, '15 is pleased to announce that, subject to final approval of the Toronto Stock Exchange, it has closed its previously announced private placement of 1,818,182 flow-through common shares of Wesdome at a price of $1.65 per Flow-Through Share for gross proceeds of $3,000,000.

In connection with the Offering, Wesdome paid a cash finders' fee in the aggregate amount of $105,000 to M Partners Inc. and Dundee Securities Ltd., representing 3.5% of the gross proceeds from the Offering.

Wesdome intends to use the majority of the gross proceeds from the Offering to advance its exploration programs at the Eagle River camp near Wawa, Ontario; and to a lesser extent, at its Moss Lake, Ontario and Val d'Or, Quebec properties.

The Flow-Through Shares will be subject to a four-month hold period in accordance with applicable Canadian securities laws.

This press release is not an offer of securities for sale in the United States. The shares being offered have not been and will not be registered under the United States Securities Act 1933 and accordingly are not being offered for sale and may not be offered, sold or delivered, directly or indirectly within the United States, its possessions and other areas subject to its jurisdiction or to, or for the account or for the benefit of a U.S. person, except pursuant to an exemption from the registration requirements of the United States Securities Act 1933.

ABOUT WESDOME

Wesdome Gold Mines Ltd. is in its 28th year of continuous gold mining operations in Canada. The Company is currently producing gold at the Eagle River Complex located near Wawa, Ontario from the Eagle River and Mishi gold mines. Wesdome's goal is to expand current operations at both mines over the next four years through mill expansion and exploration. Wesdome has significant upside through ownership of its two other properties, the Kiena Mine Complex in Val d'Or, Quebec and the Moss Lake gold deposit located 100 kilometres west of Thunder Bay, Ontario. These assets are being explored and evaluated to be developed in the appropriate gold price environment. The Company has approximately 116 million shares issued and outstanding and trades on the TSX under the symbol "WDO".

SOURCE Wesdome Gold Mines Ltd.



Lindsay Carpenter Dunlop, Vice President, Investor Relations,
416-360-3743 ext. 25,
ldunlop@wesdome.com ; or

Hemdat Sawh, Chief Financial Officer,
416-360-3743 ext. 27,
hsawh@wesdome.com ;
8 King St. East, Suite 811,
Toronto, ON,
M5C 1B5,
Toll Free: 1-866-4-WDO-TSX,
Phone: 416-360-3743,
Fax: 416-360-7620,
Website: www.wesdome.com



To: Goose94 who wrote (13291)6/6/2016 8:42:15 AM
From: Goose94Read Replies (1) | Respond to of 203382
 
Red Pine Exploration (RPX-V) June 6, '16 is pleased to announce that it has closed the brokered private placement financing (the "Financing") announced on May 26, 2016 pursuant to which it has received total gross proceeds of $2,158,008. The Financing was over-subscribed and was co-led by Red Cloud Klondike Strike Inc. and Eventus Capital Corp.

Quentin Yarie, President and CEO stated: "We are very pleased to close this financing and we appreciate the strong support our existing and new shareholders have placed in Red Pine. Being able to raise over $2 million in the present market speaks to the confidence investors are placing on our team and we plan to use these funds to aggressively develop the Wawa Gold Project".

Pursuant to the Financing, the Company issued 12,200,000 flow-through shares ("FT Shares") priced at $0.09 per FT Share and 13,187,600 non-flow-through units ("Non-FT Units") priced at $0.08 per Non-FT Unit.

The FT Shares were issued on a "flow-through" basis within the meaning of the Income Tax Act (Canada). Each Non-FT Unit consists of one non flow-through common share of the Company and one half of one common share purchase warrant (each whole warrant, a "Non-FT Warrant") with each Non-FT Warrant being exercisable at a price of $0.10 for a period of 36 months following the closing date of the Offering.

The net proceeds from the FT Shares will be used for "Canadian exploration expenditures" (within the meaning of the Income Tax Act (Canada)) in connection with the mineral exploration programs of Red Pine. Flow through funds will be used to define additional gold mineralization in both the hanging wall and footwall secondary structures of the Surluga Deposit.

The net proceeds from the sale of the Non-FT Units will be used for working purposes and to finalize the previously announced business combination between the Company and Augustine Ventures Inc., which will, when completed, result in the combined entity holding a 60% interest in the Wawa Gold Project.

In connection with the Financing, Red Pine paid fees in the form of cash compensation of $150,710.56 and issued 1,777,132 non-transferable compensation warrants, with each compensation warrant being exercisable to acquire one common share of the Company at a price of $0.08 for a period of 24 months following the closing date of the Offering.

All securities issued pursuant to the Offering are subject to a restricted period of four months and one day from the date of issuance. The Offering is subject to receipt of final approval from the TSX Venture Exchange.

Qualified Person

Quentin Yarie, PGeo., is the qualified person responsible for preparing, supervising and approving the scientific and technical content of this news release.

About Red Pine Exploration Inc.

Red Pine Exploration Inc. is a gold and base-metals exploration company headquartered in Toronto, Ontario, Canada. The Company's common shares trade on the TSX Venture Exchange under the symbol "RPX".

Red Pine has a 30% interest in the Wawa Gold Project and is part of a Joint Venture Agreement (JVA) with Citabar LLP and Augustine Ventures Inc. Under the terms of the JVA, Red Pine is the Operating Manager and continues to explore and advance the current gold resource on the property.

On December 17, 2015, Red Pine and Augustine Ventures announced the signing of a Letter of Intent to combine their respective businesses.

For more information about the Company visit www.redpineexp.com

Quentin Yarie
President & CEO
(416) 364-7024
qyarie@redpineexp.com

Mia Boiridy
Investor Relations
(416) 364-7024
mboiridy@redpineexp.com