/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
VANCOUVER, Nov. 30, 2011 /CNW/ - Redtail Metals Corp. (TSX-V: RTZ) (the "Company") announces that it will conduct a non-brokered private
placement of up to 2,222,000 units of the Company at $0.225 per unit
(the "Units") to raise gross proceeds of up to $500,000. Each Unit will
consist of one common share of the Company and one half of one share
purchase warrant, each full warrant entitling the holder to acquire one
additional common share of the Company at a price of $0.30 per share,
for a term of two years from the date of issuance.
The proceeds from this private placement will be used for general
working capital purposes. The private placement is subject to receipt
of all required regulatory approvals.
About Redtail Metals Corp.
Redtail Metals specializes in identifying, acquiring and developing
quality precious metal enriched copper, lead and zinc mineral deposits
in Yukon, Canada. The Company currently controls the Marg and Clear
Lake massive sulfide deposits, both with 43-101 compliant mineral
resources, along with a number of other quality exploration properties
in Yukon. Redtail Metals has a committed management team with extensive
experience in Yukon and a proven track record of building shareholder
value in the junior equity market.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
No stock exchange, securities commission or other regulatory authority
has approved or disapproved the information contained herein. This
press release contains projections and forward-looking information that
involve various risks and uncertainties regarding future events. Such
forward-looking information can include without limitation statements
based on current expectations involving a number of risks and
uncertainties and are not guarantees of future performance. There are
numerous risks and uncertainties that could cause actual results and
Redtail Metals' plans and objectives to differ materially from those
expressed in the forward-looking information. Actual results and future
events could differ materially from those anticipated in such
information. These and all subsequent written and oral forward-looking
information are based on estimates and opinions of management on the
dates they are made and are expressly qualified in their entirety by
this notice. Except as required by law, Redtail Metals' assumes no
obligation to update forward-looking information should circumstances
or management's estimates or opinions change.
SOURCE Redtail Metals Corp.
For further information:
Redtail Metals Corp.
John W. Legg, President
In Europe: Blair M. Shilleto, Chairman
41 (0) 79 205 37 26