TORONTO, July 23, 2012 /CNW/ - Red Tiger Mining Inc., (TSXV-RMN), (the "Company" or "Red Tiger") today announced that it has retained
Questrade Inc. ("Questrade"), to provide market-making services, in
accordance with TSX Venture Exchange guidelines. Questrade will buy and
sell shares of the Company on the Exchange for the purposes of
facilitating trading, or providing liquidity, in Red Tiger's shares.
The term of the agreement is twelve months, beginning July 23, 2012, at
a cost of Cdn.$5,000 per month. Questrade will not receive shares or
options as compensation. The Company and Questrade are unrelated and
unaffiliated entities, but Questrade and its clients may have or may
acquire a direct interest in the Company's securities.
Red Tiger is currently placing the Luz del Cobre open-pit copper project
in Sonora, Mexico into production, with the designed capacity of the
Solvent Extraction- Electrowinning plant of 600 tonnes of copper
cathodes per month. Red Tiger is listed on the TSX Venture Exchange
(symbol "RMN"). Common shares outstanding 69,193,537.
Questrade Inc., www.questrade.com, provides Canadians with high-speed, direct access trading in the U.S.
and Canadian stock and options markets through its IQ trading
platforms. Questrade offers market making services on behalf of TSX and
TSX Venture Exchange listed companies, providing liquidity on the stock
exchange for shareholders.
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.
For further information:
Red Tiger Mining Inc.
20 Toronto Street, 12th Floor, Toronto ON, M5C 2B8, Canada
Fax: 416 367 3638
Dr. Thomas Utter
President and CEO
Tel.: +1 52 662 311 8839
Frank van de Water
CFO and Secretary
Tel.: 416 869 0772