Red Moon is pleased to announce that the Company will be listed on the TSX Venture Exchange under the symbol "RMK" on Friday, August, 17, 2012. The Company has also completed a private placement with Vulcan Minerals Inc. for $750,000 for its initial phase of exploration and working capital. Red Moon is a junior exploration company with mineral exploration interests in Newfoundland.
Vulcan announces that as a result of certain amendments to the proposed spinout of its wholly owned subsidiary Red Moon Potash Inc. (Red Moon), the Company will seek further shareholder approval for the transaction at its upcoming Annual General Meeting set for July 25, 2012. The revised terms of the spinout are in response to the currently depressed equity markets and the Company's desire to restrict the dilution of the [...]
Vulcan is pleased to announce it has commenced an airborne gravity survey over certain mineral licences in western Newfoundland. Fugro Airborne Surveys Corp. has been retained to fly their proprietary Falcon AGG gravity survey. The survey will help delineate the distribution of evaporitic rocks which potentially contain potash and salt. This exploration program is part of the ongoing evaluation of Carboniferous aged rocks [...]
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