Red Eagle Mining Corporation (TSX-V: RD, OTCQX: RDEMF, SSE-V: RDCL) from Vancouver, Canada has closed $19.35M in a private placement. The placement consists of 71,677,550 common shares at a price of $0.27 per share.CM-Equity is pleased to announce that we have successfully supported Red Eagle’s capital increase as placement agent.
About Red Eagle Mining
Red Eagle Mining is a well-financed 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. Construction is underway at the fully permitted and fully financed San Ramon Gold Mine with production to commence during 2016. For further information on Red Eagle Mining, please go to the website: www.redeaglemining.com