Red Oak announces Closing of Private Placement
RED OAK MINING CORP.
Suite 1400 –1111 West Georgia Street, Vancouver, British Columbia V6E 3M3 Tel: 604-689-1799 Fax: 604-689-8199
November 13, 2014 TSX Venture: ROC
Red Oak announces Closing of Private Placement
Red Oak Mining Corp. (the “Company”) is pleased to announce the closing of the first tranche of its private placement of $135,000 or 2,700,000 units at a price of $0.05 per unit (the “Unit”). Each unit consists of one common share and one share purchase warrant, with each warrant entitling the holder to purchase one additional common share of the Company for a period of two years at a price of $0.10 per share in year 1 and $0.20 per share in year 2. The securities are all subject to a four month plus one day hold period ending March 8, 2015 and the warrants expire at the close of business on November 7, 2016. A cash finder’s fee of $600.00 was paid in respect of the first tranche of the private placement, in accordance with Exchange policies.
By News Release dated August 20, 2014 the Company had announced a private placement of up to $400,000 or 8,000,000 units at a price of $0.05 per unit. The Company has now closed the first tranche of that private placement and the proceeds from the private placement will be used for general corporate purposes.
On behalf of the Board of Directors
Red Oak Mining Corp.
Per:
“Jay Roberge”
Jay Roberge President & CEO
Forward Looking Statements
This news release includes certain statements and information that may contain forward-looking information within the meaning of applicable Canadian securities laws or forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, assumptions or expectations of future performance are forward-looking statements and contain forwardlooking information. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forwardlooking statements or forward-looking information. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbour.
“Neither 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”.