Red Eagle Mining Corp RDEMF

Metals & Mining Gold

Red Eagle Mining Corp is a Canada-based development-stage company. It is engaged in the exploration and development of mineral properties. Geographically it operates in the countries of Canada and Colombia. It focuses on building shareholder value through discovering and developing gold projects with low costs and low technical risks in Colombia. The company primarily explores for Gold and owns interests in the Santa Rosa Gold Project located in Antioquia, Colombia covering an area of approximately 10,000 hectares.

GREY:RDEMF - Post by User

Red Eagle Mining Corp

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Post by clarkk3nton Aug 04, 2017 2:02pm

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Post# 26548677

rights participation

NR from June 29th indicated Liberty, Vertex, and Orion were fully participating for gross proceeds of $16M.
NR from August 3rd indicated Liberty, Vertex, and Orion were fully participating for gross proceeds of $30M.

Am I missing something or did these guys double their position in RD between June 29th and July 5th (cutoff date for sh's to participate in RO) thereby enabling them to obtain 65% of the rights offering insted of 33%. I would take such a move as a big vote of confidence in the underlying assets the company holds, and its future prospects ... and possibly a move to enable the big 3 to push management out and install a new team to run this project.

Thoughts?

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Investing with insurance and protection