Red Hut Metals Closes Private Placement
June 6, 2017 TSXV Symbol: ROB
RED HUT METALS CLOSES PRIVATE PLACEMENT
Vancouver, British Columbia –Red Hut Metals Inc. (the “Company” or “Red Hut”) announces that it has
closed its part-and-parcel private placement, issuing 9,600,000 units (the “Units”) at a price of $0.10 per
Unit, for gross proceeds of $960,000. Each Unit is comprised of one share and one -quarter of one share
purchase warrant (“Wa rrant”) with each whole Warrant entitling the holder to purchase one share of
Red Hut at a price of $0.25 per share for a period of one year.
An aggregate of 637,700 common shares and 637, 700 warrants containing the same terms as the
Warrants attached to the Units were issued as finder’s fees to Mackie Research Capital Corporation for
the portion of the private placement attributable to their efforts. All securities issued are subject to a
hold period of four months and one day in accordance with the rul es and policies of the Exchange and
applicable Canadian securities laws.
The net proceeds of the private placement will be applied primarily to meet the cash requi rements of
the proposed acquisition of an interest in the Providence Gold Mines in Californi a, and to undertake the
recommended initial work program for the property. (See news releases dated February 23rd, March 15,
April 5 and May 3rd, 2017). The Company has determined it does not immediately require the additional
financing as previously contemplated.
The closing date for the transaction involving the Providence Gold Mines will occur following receipt of
final Exchange approval, which the Company expects to receive shortly.
ON BEHALF OF THE BOARD
Signed “Robert Eadie”
Robert Eadie, President, Chief Executive Officer and Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Robert Eadie
Telephone: 1-604-602-4935
Facsimile: 1-604-602-4936
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in t he policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Suite 750, 580 Hornby Street, Box 113, Vancouver, British Columbia, Canada V6C 3B6
Telephone: (604) 602-4935 Fax: (604) 602-4936 E-mail: [email protected] Website: www.redhutmetals.com
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CAUTIONARY STATEMENT REGARDING FORWARD- LOOKING INFORMATION : This news release
includes certain “forward -looking statements” under applicable Canadian securities legislation. Forward -looking
statements include, but are not limited to, statements with respect to: the terms and conditions of the proposed
Transaction; the terms and conditions of the proposed Financing; future work to be carried on the Property; use of
funds; and the business and operations of Red Hut after the proposed transaction. Forward- looking statements are
necessarily based upon a number of esti mates and assumptions that, while considered reasonable, are subject to
known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to
differ materially from those expressed or implied by such forward -looking statements. There is no assurance any of
the forward-looking statements will be completed as described herein, or at all. Such factors include, but are not
limited to: general business, economic, competitive, political and social uncertainties; operat ing and technical
difficulties in connection with mineral exploration and development activities, lack of investor interest in the
Financing; requirements for additional capital; future prices of gold and precious metals; changes in general
economic conditions; accidents, delays or the failure to receive board, shareholder or regulatory approvals, including
the required permits; results of current exploration and testing; changes in laws, regulations and policies affecting
mining operations; and title dispu tes. 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. Red Hut disclaims any intention or
obligation to update or revise any forward- looking statements, whether as a result of new information, future events
or otherwise.
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