Total
0
Shares
Source: Red Pine Exploration Inc.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Red Pine issued 12,923,700 flow-through shares at a price of C$0.65 per share for aggregate gross proceeds of C$8,400,405
  • Red Pine paid Haywood a six per cent cash commission and an equal amount of non-transferable compensation options
  • Red Pine Exploration is a Canadian-based gold exploration company
  • Red Pine Exploration Inc. (RPX) is unchanged on the day, trading at C$0.52 per share at 12:45 pm ET

Red Pine (RPX) has closed its previously announced private placement with Haywood Securities as sole underwriter and bookrunner.

Red Pine issued 12,923,700 flow-through shares at a price of C$0.65 per share for aggregate gross proceeds of C$8,400,405. In consideration for its services, Red Pine paid Haywood a six per cent cash commission and an equal amount of non-transferable compensation options. Each compensation option is exercisable to acquire one common share at a price of C$0.50 per share for a period of 24 months from the closing date of the offering.

The securities issued are subject to a hold period expiring on March 19, 2022. The offering is subject to the final acceptance of the TSXV.

Red Pine Exploration is a Canadian-based gold exploration company.

Red Pine Exploration Inc. (RPX) is unchanged on the day, trading at C$0.52 per share at 12:45 pm ET.

More From The Market Herald

" Rock Tech Lithium (TSXV:RCK) announces results from Lithium Hydroxide Converter engineering study

Rock Tech Lithium (RCK) has announced the results of an engineering study for the merchant lithium hydroxide converter and refinery facility in Guben, Germany.

" Search Minerals (TSXV:SMY) announces $5M private placement

Search Minerals (SMY) is conducting a non-brokered private placement for gross proceeds of up to $5,000,000.

" DLP Resources (TSXV:DLP) updates proposed private placement

DLP Resources (DLP) intends to complete an offering of up to 2,000,000 FT units for gross proceeds of $500,000.

" Advance United Holdings (CSE:AUHI) launches the Advance United Marketplace

Advance United Holdings (AUHI) has introduced a platform for owners of mineral commodities to connect with developers and producers.