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
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.
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