Red Eagle Mining Corp RDEMF

maybe this is why red eagle wants XR back on their books

[bandi10]

Red Eagle Exploration files for arbitration over Vetas 2018-03-21 16:54 ET - News Release Mr. Patrick Balit reports RED EAGLE EXPLORATION FILES APPLICATION Red Eagle Exploration Ltd. has filed an application for arbitration under the Canada-Colombia Free Trade Agreement to preserve its rights under the FTA, allowing the current discussions between the government and Red Eagle to continue. Red Eagle Exploration owns 100 per cent of the Vetas gold project in Santander, Colombia. During 2014, the Ministry of Environment set forth the limits of the Paramo, a high-altitude wetland where mining is prohibited. This delineation included a portion of the Vetas gold project within the Paramo. Red Eagle has been in amicable discussions over the last year with the Ministry of Commerce and the Agency for the Defence of the State to come to an agreement on a reimbursement of up to $40-million in costs incurred on the portion delineated within the Paramo. About Red Eagle Exploration Ltd. Red Eagle Exploration is a precious metals exploration and development corporation majority owned by gold producer Red Eagle Mining. Red Eagle Exploration has an experienced exploration and mine-development team focused on building shareholder value through acquiring and developing high-grade gold and silver projects in Colombia. Red Eagle Exploration owns 100 per cent of the Vetas gold, California gold and Santa Ana silver projects, which consist of numerous historic and existing mines and where exploration is under way to delineate high-grade vein resources exploitable by modern underground mining.

[staz]

Does it make sense to buy XR at $0.12 to get shares of R at $0.24?