Big Red Mining Corp. Announces Closing of Private Placement
Big Red Mining Corp. Announces Closing of Private Placement
Vancouver, British Columbia--(Newsfile Corp. - June 26, 2024) - Big Red Mining Corp. (CSE: RED) (FSE: K8J) (the "Company" or "Big Red") is pleased to announce the closing of its Non-Brokered Private Placement (the "Private Placement") announced June 17, 2024. The Private Placement consisted of the issuance of 6,815,000 units of the Company ("Units") at a price of C$0.02 per Unit for gross proceeds of $136,300 to the Company. Each Unit consisted of one common share in the capital of the Company (each, a "Common Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder thereof to purchase one Common Share at an exercise price of C$0.05 for a period of 12 months from the issuance thereof. The Company issued 6,815,000 Common shares and 3,407,500 Warrants expiring June 26, 2025. All securities issued pursuant to the Private Placement are subject to a statutory hold period in accordance with the applicable Canadian securities laws, expiring on October 26, 2024.
溫哥華,不列顛哥倫比亞省--(新聞稿-2024年6月26日) - 大紅礦業公司 (CSE: RED) (FSE: K8J) (以下簡稱“公司”或“大紅”) 很高興地宣佈其非經紀人定向增發 (以下簡稱“定向增發”) 已於2024年6月17日公佈。定向增發包括髮行6,815,000股公司股票 (下稱“單位”)，價格爲每股C$0.02，募集資金136,300美元。每個單位包括一股公司普通股(下稱“普通股”)和半個普通股認購權(每個完整的認購權下稱“認購權”)。每個認購權將使持有人有權在12個月內以C$0.05的行權價格購買一股普通股。公司發行了6,815,000股普通股和3,407,500個認股權證，有效期至2025年6月26日。定向增發發行的所有證券均適用於根據適用的加拿大證券法規定的法定持有期，截止日期爲2024年10月26日。私募交易本次定向增發募集的淨收益將用於公司的勘探和開發活動。
The Company Paid a cash Finders fee of $4,790 to Research Capital Corporation and $675 to Ventum Financial Corp.
公司向Research Capital Corporation支付了4,790美元的現金尋求費用，向Ventum Financial Corp.支付了675美元的費用。
The net proceeds received from the Offering will be used by the Company for exploration and development activities.
Big Red持有在加拿大安大略省Dobie Lake銅礦項目(下稱“物業”)中獲得100%權益的選擇權。該物業位於安大略省Sault Ste Marie市以北約100公里處。該物業圍繞和覆蓋了過去生產的Jentina礦山的延伸。該物業共有131個權利單元，總面積6,500英畝(26平方千米)。Big Red的管理團隊擁有豐富的融資、勘探、開發和礦業經驗。Big Red的使命是在Dobie Lake銅礦物業上進行未來的鑽探活動，以最大化其可採資源潛力。
About Big Red Mining Corp.
關於大紅礦業公司
Big Red holds an option to acquire a 100% interest in the Dobie Lake Copper Project (the "Property") in Ontario, Canada. The Property is Located approximately 100 km from Sault Ste Marie, Ontario. The Property surrounds and covers Extensions of the Past producing Jentina Mine. The Property comprises 131 claims totaling 6,500 Acres (26 Square kilometers). Big Red's management team possess extensive experience in financing, exploration, development and mining. Big Red's mission is to conduct future drilling campaigns on the Dobie Lake copper property to maximize its minable resource potential.
Big Red持有在加拿大安大略省Dobie Lake銅礦項目(下稱“物業”)中獲得100%權益的選擇權。該物業位於安大略省Sault Ste Marie市以北約100公里處。該物業圍繞和覆蓋了過去生產的Jentina礦山的延伸。該物業共有131個權利單元，總面積6,500英畝(26平方千米)。Big Red的管理團隊擁有豐富的融資、勘探、開發和礦業經驗。Big Red的使命是在Dobie Lake銅礦物業上進行未來的鑽探活動，以最大化其可採資源潛力。
WWW.BIGREDMINING.COM
WWW.BIGREDMINING.COM
On Behalf of the Board of Directors
董事會代表
Jag Sandhu, CEO and President 778-218-9638
Jag Sandhu,首席執行官: 778-218-9638
譯文內容由第三人軟體翻譯。