(Expressed in US dollars except where noted as C$)
TORONTO, Oct. 1, 2013 /CNW/ - Red Tiger Mining Inc., (TSXV: RMN), (the "Company" or "Red Tiger") today announces that it has issued
692,441 common shares to Gerald Metals SA.
As previously announced on April 2, 2012, the Company's wholly-owned
subsidiary, Minerales Libertad, S.A. de C.V., entered into a debt
financing agreement with Gerald Metals for $3,500,000. The debt bears
an annual interest rate of 15% payable in cash, plus an interest
premium payable in common shares of the Company. The interest premium
is 3% per annum on principal outstanding between November 30, 2012 and
February 28, 2013. Thereafter, the interest premium is 10% per annum.
The interest premium is capped at a maximum of 692,441 common shares of
the Company, which has been issued today.
Red Tiger is listed on the TSX Venture Exchange (symbol "RMN"). After
the issuance of these shares, the number of shares outstanding is
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.
SOURCE: Red Tiger Mining Inc.
For further information:
Red Tiger Mining Inc.
20 Toronto Street, 12th Floor, Toronto, ON, M5C 2B8
Dr. Thomas Utter
President and CEO
Tel.: +1 52 662 311 8839
CFO and Secretary
Tel.: 416-637-1517 x 107