Red Tiger Announces Extension of Private Placement
TORONTO, June 29, 2012 /CNW/ - Red Tiger Mining Inc., (TSXV-RMN), (the "Company") announces that it has received TSX Venture Exchange ("TSXV") acceptance of the extension to July 28, 2012 of its previously announced non-brokered private placement (the "Offering"). The Offering is for gross proceeds of up to Cdn$3,000,000.
As previously announced, Cdn$2,000,000 of the Offering was subscribed for by insiders of the Company ("Insiders") and the balance, which has not yet been subscribed for, is reserved for non-Insiders.
The Offering is subject to the approval of the TSX Venture Exchange ("TSXV"). Securities issued pursuant to the Offering will be subject to a hold period of four months and a day from the date of issuance of the securities. The hold period on the securities subscribed for by insiders expires on September 29, 2012.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking statements, which are subject to risks and uncertainties and other factors that may cause results to differ materially from expectations. Specifically, this news release contains forward-looking information regarding the carrying out of the Offering and the expected terms relating thereto, and the approval of the Offering by the TSXV. Accordingly, readers are cautioned not to place undue reliance on this forward-looking information. The Company does not assume the obligation to revise or update this forward-looking information after the date of this news release or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.
SOURCE Red Tiger Mining Inc.