TORONTO, Sept. 21, 2015 /CNW/ - Red Tiger Mining Inc.,
(TSXV: RMN), announces that it has extended the expiry date of
its previously announced private placement (see Press Release
August 14th, 2015). The closing date
will now be on or before October 21st,
2015. The Private Placement is subject to TSX Venture
Exchange approval.
About Red Tiger Mining
Red Tiger is engaged in copper
cathode production, and in the exploration and development of
copper and gold projects through its wholly-owned subsidiary,
Minerales Libertad, S.A. de C.V. ("Minerales") at San Antonio de la Huerta, in the state of Sonora, Mexico.
On July 1, 2013, Minerales placed
the Luz del Cobre Copper Project, an open-pit, heap leach, copper
recovery operation into commercial production. The Company has
other prospects on its over eleven thousand-hectare concession at
various stages of exploration, and is potentially a gold producer
in the mid-term.
Red Tiger is listed on the TSX
Venture Exchange (symbol "RMN"). The number of shares outstanding
is 112,246,957.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward-Looking Information
This press release contains certain "forward-looking
information". All statements, other than statements of historical
fact, that address activities, events or developments that
Red Tiger believes, expects or
anticipates will or may occur in the future (including, without
limitation, statements relating to the debt restructuring, the
Private Placement, the recommencement of mining operations and TSX
Venture Exchange approval of the Private Placement) constitute
forward-looking information. This forward-looking information
reflects the current expectations or beliefs of Red Tiger based on information currently
available to Red Tiger as well as
certain assumptions including, without limitation, the assumption
that Red Tiger will complete the
Private Placement and be granted TSX Venture Exchange approval in
respect of the private placement, and be able to recommence mining
operations as proposed. Forward-looking information is subject to a
number of significant risks and uncertainties and other factors
that may cause the actual results of Red
Tiger to differ materially from those discussed in the
forward-looking information, and even if such actual results are
realized or substantially realized, there can be no assurance that
they will have the expected consequences to, or effects on
Red Tiger. Factors that could cause
actual results or events to differ materially from current
expectations include, but are not limited to, TSX Venture Exchange
approval for the Private Placement not being obtained, unforeseen
difficulties in connection with the process for recommencing
production at Red Tiger's mine.
Any forward-looking information speaks only as of the date on
which it is made and, except as may be required by applicable
securities laws, Red Tiger disclaims
any intent or obligation to update any forward-looking information,
whether as a result of new information, future events or results or
otherwise. Although Red Tiger
believes that the assumptions inherent in the forward-looking
information are reasonable, forward-looking information is not a
guarantee of future performance and accordingly undue reliance
should not be put on such information due to the inherent
uncertainty therein.
SOURCE Red Tiger Mining Inc.