VANCOUVER, Feb. 3, 2015 /PRNewswire/ - Red Eagle Mining
Corporation (TSX-V: RD, OTCQX: RDEMF) has completed a US
$1,000,000 financing with a strategic
investor through a private placement of 3,831,515 common shares
("Shares") at CAD $0.33 per
Share. Proceeds will be used for pre-development of the San
Ramon Gold Deposit and for general working capital purposes.
The Shares are subject to a four month hold period from the date of
issuance.
About Red Eagle Mining
Red Eagle Mining is a gold exploration and development company
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 is developing the 100 km²
historic Santa Rosa Gold Project located in the Antioquia
Batholith. Development will initially commence with the San
Ramon Gold Deposit where a positive Feasibility Study supports
project development. Detailed engineering, project financing
and permitting are currently underway.
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. This news release includes
forward-looking statements that are subject to risks and
uncertainties. All statements within, other than statements
of historical fact, are to be considered forward looking.
Although the Company believes the expectations expressed in
such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future
performance and actual results or developments may differ
materially from those in forward-looking statements. Factors
that could cause actual results to differ materially from those in
forward-looking statements include market prices, exploitation and
exploration successes, continued availability of capital and
financing, and general economic, market or business conditions.
There can be no assurances that such statements will prove
accurate and, therefore, readers are advised to rely on their own
evaluation of such uncertainties. We do not assume any
obligation to update any forward-looking statements. This news
release does not constitute an offer to sell or a solicitation of
an offer to sell any securities in the United States. The
securities have not been and will not be registered under the
United States Securities Act of 1933, as amended (the "U.S.
Securities Act") or any state securities laws and may not be
offered or sold within the United
States or to U.S. Persons unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption
from such registration is available.
SOURCE Red Eagle Mining Corporation
