Red Eagle Mining - Application to the BCSC successful VANCOUVER, Sept. 11, 2015 /CNW/ - Red Eagle Mining Corporation (TSX-V: RD, OTCQX: RDEMF, SSE-V: RDCL) is pleased to announce that the British Colombia Securities Commission ("BCSC") has granted a cease trade order with respect to CB Gold Inc.'s ("CB Gold") shareholder rights plan. Red Eagle Mining is now in a position to, and intends to, take up all CB Gold shares ("Shares") which have been tendered to its share exchange takeover bid (the "Offer") at the expiry of the Offer at close of business on Monday, September 14, 2015. Shares not tendered are at risk of being orphaned. No further action is required by CB Gold shareholders who have already tendered their Shares.
About Red Eagle Mining
Red Eagle Mining is a well-financed gold exploration and development corporation with an experienced mine-development team. Management is focused on building shareholder value through discovering and developing gold projects with low costs and low technical risks in Colombia, a jurisdiction with prolific historic production but until recently limited modern exploration. Red Eagle Mining is developing the 100 square kilometre historic Santa Rosa Gold Project located in the Antioquia Batholith. Construction is underway at the fully permitted and fully financed San Ramon Gold Mine with production expected to commence in the second half of 2016.