Deal raises funds for exploration drilling of Santa Rosa Gold Project
By Devika Patel
Knoxville, Tenn., July 14 – Red Eagle Mining Corp. said it raised C$9.22 million in a private placement of stock.
The company sold 13,176,626 common shares at C$0.70 each. The price per share is a 10.26% discount to the July 13 closing share price of C$0.78.
Proceeds will be used for exploration drilling of the Santa Rosa Gold Project.
Red Eagle is a gold exploration and development company based in Vancouver, B.C.
| Issuer: | Red Eagle Mining Corp.
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| Issue: | Common shares
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| Amount: | C$9,223,638
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| Shares: | 13,176,626
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| Price: | C$0.70
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| Warrants: | No
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| Settlement date: | July 14
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| Stock symbol: | TSX Venture: RD
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| Stock price: | C$0.78 at close July 13
|
| Market capitalization: | C$149.19 million
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