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Red Eagle's white knight gets cold feet

Red Eagle Mining has threatened legal action against white knight investor Fernando Palazuelo after a promised investment to shore up the finances of the struggling gold miner failed to appear.

Red Eagle's white knight gets cold feet Red Eagle's white knight gets cold feet Red Eagle's white knight gets cold feet Red Eagle's white knight gets cold feet Red Eagle's white knight gets cold feet

Red Eagle may have lost its white knight

Palazuelo, a Spanish real estate developer based in Lima, Peru, gave personal guarantees that his 100%-owned vehicle Annibale would backstop a C$50 million private placement in the company,