This News Release is Intended FOR Distribution IN Canada Only a Nd is Not
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY A ND IS NOT
FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U NITED
STATES NEWSWIRE SERVICES
Red Oak Mining Corp. announces Share Consolidation and Private Placement
September 23, 2019 TSXV Trading Symbol: ROC.H
Red Oak Mining Corp. (the “Company”) announces that the Company's Board of Directors has determined
to consolidate the Company’s issued share capital on a ratio of one (1) new post-consolidated common
share for every five (5) old pre-consolidated common shares (the “Consolidation”). The Company currently
has 20,417,578 issued and outstanding common shares and on comp letion of the Consolidation there is
expected to be approximately 4,083,516 issued and outstanding common shares.
The Board of Directors determined the Consolidation is necessar y in order for the Company to raise
additional capital and seek new business opportunities. The Com pany is also pleased to announce that it
has negotiated a non-brokered private placement (the "Private Placement") for total gross proceeds of up to
$500,000. The Private Placement will consist of up to 10,000,00 0 post-Consolidation common shares at a
price of $0.05 per share. Proceeds of the Private Placement wil l be used to pay outstanding debt and for
general working capital.
The Consolidation and Private Placement are subject to the acceptance of the TSX Venture Exchange.
On behalf of the Board of Directors.
RED OAK MINING CORP.
“Jay Roberge”
Jay Roberge CEO, and Director
Neither the TSX Venture Exchange nor its Regulation Services Pr ovider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains forward-looking statem ents and forward-looking information within the
meaning of applicable securities laws. The use of any of the words “expect”, “anticipate”, “continue”,
“estimate”, “objective”, “ongoing”, “may”, “will”, “project”, “should”, “believe”, “plans”, “intends”
and similar expressions are intended to identify forward-looking statements or information. Any statement
addressing future events or conditions necessarily invo lves inherent risk and uncertainty. Actual results
can differ materially from those anticipated by management at the time of writing due to many factors, the
majority of which are beyond the control of the Co mpany and its management. In particular, this news
release contains forward-looking statements pertaini ng, directly or indirectly, to the Consolidation and
Private Placement. There can be no assurance that th e Company will complete the Private Placement or
Consolidation on the timeline anticipat ed or at all. Readers are cautioned that the foregoing list of risk
factors should not be construed as exhaustive. These statements speak only as of the date of this release or
as of the date specified in the documents accompany ing this release, as the case may be. The Company
undertakes no obligation to publicly update or revise any forward-looking statements except as expressly
required by applicable securities laws.