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Red Eagle Mining Rights Trading /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ VANCOUVER, July 6, 2017 /CNW/ Red Eagle Mining Corporation (TSX: R, BVL: R, OTCQX: RDEMF) announces that its common shares ("Shares") are now trading on the TSX on an ex rights basis.
All Eligible Holders (residents of each of the provinces and territories of Canada, along with all other jurisdictions outside of the United States) as at the close of business on July 5, 2017, has received one right for every common share held. The Notice of Rights Offering and related Rights Certificates are being mailed to all registered holders (excluding shareholders who are resident of the United States, who will receive instructions on how to exercise their Rights). Shareholders who own their Shares through an intermediary, such as a bank or broker, will receive materials and instructions from their intermediary. For every two Rights the holder will be entitled to subscribe for one Unit at a subscription price of C $0.35 per Unit until August 4, 2017. Each Unit will consist of: One Share of Red Eagle Mining; and One transferable Share purchase warrant ("Warrant") exercisable into one Share of Red Eagle Mining at a purchase price of C $0.50 per Share for a period of five years from the issue date. The Warrants will louis vuitton bags macy&s be listed for trading on the TSX subject to fulfilling the TSX minimum listing conditions. Eligible holders of Rights, who fully exercise their Rights, will be entitled to subscribe, on a pro rata basis with other shareholders who participated in the oversubscription, for Units that have not been purchased under the Rights Offering. A Rights Offering was chosen to give the opportunity to all existing shareholders to participate. Major shareholders Liberty Metals Mining Holdings, LLC, Vertex Value Fund and Orion Mine Finance have informed Red Eagle Mining that they intend to fully exercise their Rights, which will result in gross proceeds to Red Eagle Mining from these shareholders of approximately C $16 million under the Rights Offering. Any questions regarding the Rights Offering may be directed to our Information Agent, Laurel Hill Advisory Group at +1 877 452 7184 (North American Toll Free) or +1 416 304 0211 (Collect Calls) or by email at. Red Eagle Mining is a gold producer focused on building shareholder value through acquiring, developing and operating gold projects in Colombia, a jurisdiction with prolific historic production but until recently limited modern exploration. Red Eagle Mining owns 100% of the Santa Rosa Gold Project, where the San Ramon Gold Mine has commenced production. Red Eagle Mining also controls Red Eagle Exploration Limited which owns 100% of the Vetas Gold, California Gold and Santa Ana Silver Projects and is actively consolidating additional high grade precious metal deposits in Colombia. For further information on Red Eagle Mining Corporation please contact:Red Eagle Mining Corporation Suite 2348 666 Burrard Street Vancouver, BC, V6C 2X8 +1 778 372 2558 +1 604 360 5722 mobile For assistance with the Rights Offering please contact the Information Agent: Laurel Hill Advisory Group +1 877 452 7184 North American Toll Free +1 416 304 0211 Collect Calls Outside North AmericaAll statements in this press release, other than statements of historical fact, are "forward looking information" with respect to Red Eagle Mining within the meaning of applicable securities laws, including statements with respect to: the likelihood of raising sufficient funds from the Rights Offering; closing of the Rights Offering; the receipt of the necessary regulatory approvals; the growth path and financial position of the company following completion of the Rights Offering; the likelihood that all major shareholders will exercise their Rights; the proposed timing of construction completion and estimated cost of the paste backfill plant; the anticipated production at the San Ramon Gold Mine real louis vuitton shoes vs fake upon completion of the paste backfill plant. Forward looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or louis vuitton alma mm be achieved. Forward looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management at the date the statements are made including, among others, assumptions regarding the amount of proceeds to be raised under the Rights Offering, completion of the Rights Offering, major shareholders exercising their Rights, processing and recovery of mined and stockpiled ore, future prices of gold, silver and other metal prices, currency exchange rates and interest rates, favourable operating conditions, political stability, obtaining governmental approvals and louis vuitton shoes for cheap financing on time, obtaining renewals for existing licences and permits and obtaining required licences and permits, labour stability, stability in market conditions, availability of equipment, accuracy of any mineral resources, successful resolution of disputes and anticipated costs and expenditures. Many assumptions are based on factors and events that are not within the control of Red Eagle Mining and there is no assurance they will prove to be correct. Although Red Eagle Mining has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended.
There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Red Eagle Mining disclaims any intention or obligation to update or revise any forward looking information, whether as a result of new information, future events or otherwise unless required by law. SOURCE Red Eagle Mining Corporation For further information:, Red Eagle Mining Corporation, Suite 2348 666 Burrard Street, Vancouver, BC, V6C 2X8, +1 778 372 2558, +1 604 360 5722 mobile.
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