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BRIEF-Red Tiger intends to complete a C$1.6 million non-brokered private placement

Published 2015-08-14, 09:33 a/m
© Reuters.  BRIEF-Red Tiger intends to complete a C$1.6 million non-brokered private placement
HG
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Aug 14 (Reuters) - Red Tiger Mining Inc RMN.V :
* Announces debt restructuring and non-brokered private placement
* Intends to complete a C$1.6 million non-brokered private placement to Gerald
Metals and to insiders of the company
* Says intends to use the private placement proceeds to fund the recommencement
of mining operations
* Non-brokered private placement consist of 32.7 million Red Tiger common
shares at a price of C$0.05 per common share
* Says has extended the term of its copper offtake agreement with gerald metals
from an expiry of 2018 to life of mine

* Source text for Eikon ID:nCNWvCMt5a

* Further company coverage RMN.V

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