Red Oak Mining Corp. announces Share Consolidation and Private
1400-1111 West Georgia Street
Vancouver, British Columbia
V6E 4M3, Canada
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT
FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED
STATES NEWSWIRE SERVICES
Red Oak Mining Corp. announces Share Consolidation and Private
Placement
March 17, 2017 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 ten (10) old pre-consolidated common shares (the “Consolidation”). The
Company currently has 20,361,861 issued and outstanding common shares and on completion of the
Consolidation there is expected to be 2,036,186 issued and outstanding common shares.
The Board of Directors determined the Consolidation is necessary in order for the Company to raise
additional capital and seek new business opportunities. The Company is also pleased to announce that it
has negotiated a non-brokered private placement (the "Private Placement") for total gross proceeds of up
to $250,000. The Private Placement will consist of up to 5,000,000 post-Consolidation units at a price of
$0.05 per unit (each a “Unit”). Each Unit will be comprised of one post-Consolidation common share and
one common share purchase warrant (each a “Warrant”). Each Warrant will entitle the holder to acquire
one post-Consolidation common share for a period of two years at a price of $0.10. Proceeds of the
Private Placement will 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 Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.