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.
温哥华,不列颠哥伦比亚省--(新闻稿-2024年6月26日) - 大红矿业公司 (CSE: RED) (FSE: K8J) (以下简称“公司”或“大红”) 很高兴地宣布其非经纪人定向增发 (以下简称“定向增发”) 已于2024年6月17日公布。定向增发包括发行6,815,000股公司股票 (下称“单位”)，价格为每股C$0.02，募集资金136,300美元。每个单位包括一股公司普通股(下称“普通股”)和半个普通股认购权(每个完整的认购权下称“认购权”)。每个认购权将使持有人有权在12个月内以C$0.05的行权价格购买一股普通股。公司发行了6,815,000股普通股和3,407,500个认股权证，有效期至2025年6月26日。定向增发发行的所有证券均适用于根据适用的加拿大证券法规定的法定持有期，截止日期为2024年10月26日。私募交易本次定向增发募集的净收益将用于公司的勘探和开发活动。
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美元的现金寻求费用，向Ventum Financial Corp.支付了675美元的费用。
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铜矿项目(下称“物业”)中获得100%权益的选择权。该物业位于安大略省Sault Ste Marie市以北约100公里处。该物业围绕和覆盖了过去生产的Jentina矿山的延伸。该物业共有131个权利单元，总面积6,500英亩(26平方千米)。Big Red的管理团队拥有丰富的融资、勘探、开发和矿业经验。Big Red的使命是在Dobie Lake铜矿物业上进行未来的钻探活动，以最大化其可采资源潜力。
About Big Red Mining Corp.
关于大红矿业公司
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铜矿项目(下称“物业”)中获得100%权益的选择权。该物业位于安大略省Sault Ste Marie市以北约100公里处。该物业围绕和覆盖了过去生产的Jentina矿山的延伸。该物业共有131个权利单元，总面积6,500英亩(26平方千米)。Big Red的管理团队拥有丰富的融资、勘探、开发和矿业经验。Big Red的使命是在Dobie Lake铜矿物业上进行未来的钻探活动，以最大化其可采资源潜力。
WWW.BIGREDMINING.COM
WWW.BIGREDMINING.COM
On Behalf of the Board of Directors
董事会代表
Jag Sandhu, CEO and President 778-218-9638
Jag Sandhu,首席执行官: 778-218-9638