Redline Resources Inc. Announces Non-Brokered Private Placement
2110– 1177 West Hastings Street Vancouver BC V6E 2K3 Phone: (604) 669-6634 Fax: (604) 909-4682
May 8, 2013 RLI.H: TSX Venture Exchange
NEWS RELEASE REDLINE RESOURCES INC. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
VANCOUVER, BC: Redline Resources Inc. (the “Company”) announces that it has arranged, subject to regulatory approval, a non-brokered private placement (the “Offering”) of up to 324,000 Common Shares (the “Shares”) at a price of $0.05 per Share for gross proceeds of up to $16,200. No share purchase warrants are attached to the Shares.
The Offering is not part of the private placement which was described in the Company’s Management Information Circular, dated November 28, 2012, and which forms part of the Company’s “qualifying transaction” (“Qualifying Transaction”).
Closing of the Offering is subject to the receipt of all necessary corporate and regulatory approvals, including the TSX Venture Exchange. Proceeds from the Offering will be used by the Company to pay costs associated with proceeding to completion of its Qualifying Transaction and may not be refunded to the Subscriber if the Qualifying Transaction does not close. All Shares issued in connection with the Offering will be subject to a statutory hold period of four months plus one day.
REDLINE RESOURCES INC.
“Len Guenther”
Director and Corporate Secretary
REDLINE RESOURCES INC.
Suite 2110 – 1177 W. Hastings Street Vancouver, BC, Canada V6E 2K3 Tel: 604.669-6634 Fax: 604.909-4682
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.