Red Pine Exploration Reissues Options
News Release
July 23, 2010
Red Pine Exploration Reissues Options
TORONTO , ONTARIO—Red Pine Exploration Inc. (“Red Pine” or the “Company”) (TSX VENTURE:RPX) announces that on July 26, 2010, it will reissue a total of 1,160,000 options which expire on July 24, 2010 to the same optionee Directors, Officers and Consultants (as originally granted) under the terms of the incentive stock option plan of the Company filed with the TSX Venture Exchange and approved by shareholders at the last Annual General Meeting of Shareholders of the Company held on January 27, 2010.
The options granted are exercisable at a price of $0.10 per share for a period of four years and are subject to a four-month hold period from the date of the issuance.
For further information: please contact
Brent Nykoliation, Vice President of Business Development
(416) 364-7024, (416) 364-2753 (FAX)
[email protected]; http://www.redpineexp.com
Forward-looking statements include, receipt of regulatory approval, statements on the proposed use of proceeds; completion of financing on terms proposed; the ability to raise additional funds as required; the development potential and timetable of the Company’s properties and minerals; the current and future price of minerals the Company explores; the estimated size of mineral deposits on the Company’s properties; the realization of those mineral deposit estimates; the timing and amount of estimated future exploration, development and production; costs of future exploration, development and production activities; success of exploration activities; government regulatory matters; discussion of political and environmental risks.
Forward-looking statements are based on the opinions and estimates of management of the Company. Forward-looking statements are subject to known and unknown risks that may cause actual results to be materially different from stated opinions and estimates of management. Some of the Company’s more material risks are: availability and timing of external financing; unexpected events and delays during exploration; receipt of government and stock exchange approvals; results of current exploration activities; future price of minerals; political risks in the locations of the Company’s properties; appreciation/depreciation of foreign currencies relative to the United States Dollar (the Company’s functional currency) and other risks inherent in the mining and exploration industry.
While Company’s management has attempted to determine the factors that could cause actual results to differ materially from estimated results contained in forward-looking statements, there may be other factors that cause results not to be as anticipated. The Company provides no assurance that such forward-looking statements will prove accurate or not materially different than projected. Therefore readers of this and other press releases issued by the Company should not place unreasonable reliance on stated forward-looking statements.