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Red Eagle raises C$9 million in Peru

TSX-V-listed Red Eagle Mining has closed a private placement for gross proceeds of C$9.2 million (US$7.1 million) as it looks to continue exploring the Santa Rosa gold project in Antioquia, Colombia, while it maintains building work at its San Ramon mine.

Mining Journal
The raising will go towards further exploration at Santa Rosa

The raising will go towards further exploration at Santa Rosa

Almost all of the shares were placed with investors in Peru, which bodes well for the company’s plans for a listing in Lima later this year. The placement of 13.2 million shares at $0.70 per share follows...

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