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Red Pine Exploration Inc announces brokered private placement


Monday, 2 Dec 2013 08:00am EST 

Red Pine Exploration Inc:Says it has entered into an agreement with IBK Capital Corp.Under which IBK has agreed to act as the agent for the private placement of up to 20 mln flow-through units of Red Pine at a price of C$0.05 per FT Unit for aggregate gross proceeds to Red Pine of up to C$1 mln and.Up to six mln non-flow through units at a price of C$0.05 per unit for aggregate gross proceeds of C$300,000.Each FT Unit will consist of one flow-through common share of Red Pine and one common share purchase warrant.Each Warrant will be exercisable to acquire one non flow-through common share of Red Pine at an exercise price of C$0.05 for a period of 48 months from closing of the Offering.Each Unit will consist of one non flow-through common share of Red Pine and one Warrant. 

Company Quote

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30 Apr 2015