Deal funds pre-development of the San Ramon Deposit, working capital
By Devika Patel
Knoxville, Tenn., Feb. 3 – Red Eagle Mining Corp. said it raised C$1.26 million in a private placement of stock.
The company sold 3,831,515 common shares at C$0.33 each. The price per share is a 13.16% discount to the Feb. 2 closing share price of C$0.38.
Proceeds will be used for pre-development of the San Ramon Gold Deposit and for general working capital purposes.
Red Eagle is a gold exploration and development company based in Vancouver, B.C.
| Issuer: | Red Eagle Mining Corp.
|
| Issue: | Common shares
|
| Amount: | C$1,264,400
|
| Shares: | 3,831,515
|
| Price: | C$0.33
|
| Warrants: | No
|
| Settlement date: | Feb. 3
|
| Stock symbol: | TSX Venture: RD
|
| Stock price: | C$0.38 at close Feb. 2
|
| Market capitalization: | C$18.77 million
|
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