Red Pine Exploration Announces Increase to Previously Announced Brokered Private Placement
NEWS RELEASE
February 10, 2017
RED PINE EXPLORATION ANNOUNCES INCREASE TO PREVIOUSLY
ANNOUNCED BROKERED PRIVATE PLACEMENT
Toronto, Ontario – February 10, 2017 - Red Pine Exploration Inc. (TSX-V: RPX) (“Red
Pine” or “the Company”) is pleased to announce that it has increased the size of its
previously announced private placement to up to $6,500,000 in a combination of: (i) units
of the Company (the “Units”) at a price of C$0.12 per Unit; and (ii) common shares of the
Company which will qualify as “flow-through” shares pursuant to the Income Tax Act
(Canada) (the “FT Shares”) at a price of C$0.145 per FT Share.
Eventus Capital Corp. is acting as lead agent in respect of the Offering with a syndicate
that includes Red Cloud Klondike Strike Inc.
The agents will also have the option, exercisable up to two business days pr ior to the
closing date of the O ffering, to arrange for the purchase of up to an additional $1,000,000
in a combination of Units and FT Shares.
The terms of the financing and use of proceeds remain as previously disclosed in all other
respects.
About Red Pine Exploration Inc.
Red Pine Exploration Inc. is a gold and base -metals exploration company headquartered
in Toronto, Ontario, Canada. The Company's common shares trade on the TSX Venture
Exchange under the symbol "RPX".
Red Pine has a 60% interest in the Wawa Gold Project with Citabar LLP holding t he
remaining 40% interest. Red Pine is the Operating Manager of the Project and is focused
on expanding the existing gold resource on the property.
For more information about the Company visit www.redpineexp.com
Or contact:
Quentin Yarie, President & CEO, (416) 364-7024, [email protected]
Or Mia Boiridy, Investor Relations, (416) 364-7024, [email protected]
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.
This News Release contains forward -looking statements. In some cases, you can identify forward -looking
statements by terminology such as “ may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”,
“predicts”, “potential” or “continue” or the negative of these terms or other comparable terminology. These
statements are only predictions and involve known and unknown risks, unc ertainties and other factors that
may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially
different from any future results, levels of activity, performance or achievements expressed or implied by th ese
forward-looking statements.
Although the Company believes that the assumptions and factors used in preparing the forward -looking
information in this news release are reasonable, undue reliance should not be placed on such information,
which only appli es as of the date of this news release. The Company disclaims any intention or obligation to
update or revise any forward -looking information, whether as a result of new information, future events or
otherwise, other than as required by law.