Red Pine Exploration Inc. is pleased to report on the outcome of warrant holder's exercising of the Company's December 31, 2021, warrants. All amounts are in CAD dollars unless otherwise specified. Red Pine further announces that 8,302,059, or 82% of the outstanding warrants to purchase common shares of the Company that expired on December 31st, 2021, with a strike price of $0.50, have been exercised. The balance of the [...]
Red Pine Exploration Inc. is pleased to report that the Company has filed its October 31st, 2021 quarterly condensed interim consolidated financial statements and related MD&A which can be found on the Company's website . Included in the filing, in the Subsequent Events note to the financial statements, is confirmation that 6,159,033 warrants of the remaining 9,933,945 warrants expiring on December 31st, 2021, with a [...]
Red Pine Exploration Inc. announces it has engaged GoldSpot Discoveries , to apply its proprietary machine learning technology and greenfield geoscience expertise on the Wawa Gold Project. GoldSpot Discoveries will bring its proven artificial intelligence expertise that has previously led to important mineral discoveries. GoldSpot is a technology company focused on developing artificial intelligence technologies for the [...]
Red Pine Exploration Inc. announces that the Company's common shares are now trading on the OTCQB Marketplace, a U.S. trading platform operated by the OTC Markets Group Inc. The Company's OTC stock symbol remains as "RDEXF" following the uplisting from the OTC Pink Sheets. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com. "With the uplisting to the OTCQB [...]
Red Pine Exploration Inc. is pleased to announce that it has closed its previously announced "bought deal" private placement with Haywood Securities Inc. , as sole underwriter and bookrunner. The Offering consisted of 12,923,700 flow-through shares of the Company , including full exercise of the Underwriter's Option, at a price of C$0.65 per FT Share, such FT Shares qualifying as "flow-through shares" of the Income Tax [...]
Red Pine Exploration Inc. is pleased to report a significant gold intersection from its 2021 drilling program in the Surluga South discovery area of its Wawa project in Ontario. The Surluga South discovery is now extending up to 500 metres down-dip from the boundary of the current mineral resource of the Surluga Deposit. The mineralized gold intersection in SD-21-302 is located at a vertical depth of 590 meters [...]
Red Pine Exploration Inc. announces changes to its leadership. Administration Effective immediately, Greg Duras, Chief Financial Officer , will be leaving RPX. The Company would like to thank Greg especially for his efforts during the acquisition of our joint venture partner which occurred earlier this year. Management wishes Greg much success as he pursues his new and existing projects. Appointment of Jim O'Neill as CFO [...]
Red Pine Exploration Inc. is pleased to announce that it has amended the terms of its previously announced "bought deal" private placement to increase the size of the offering to C$7.3 million . Under the terms of the Upsized Offering, Haywood Securities Inc. , as sole underwriter and bookrunner, has agreed to purchase, on a "bought deal" private placement basis, 11,238,000 flow-through shares of the Company at a price of [...]
Red Pine Exploration Inc. is pleased to announce that it has entered into an agreement with Haywood Securities Inc. , as sole underwriter and bookrunner, pursuant to which Haywood has agreed to purchase, on a "bought deal" private placement basis, 7,693,000 flow-through shares of the Company at a price of C$0.65 per FT Share, with such FT Shares to qualify as "flow-through shares" of the Income Tax Act ), for aggregate [...]
Red Pine Exploration Inc. , further to its press release dated August 20th, 2021, announces the completion of the sale of all of Red Pine's Algoma-Talisman gold prospective property , located in Newton Township, Ontario , to Newton Gold Corp. for a total purchase price of CAD $1,050,000 . Red Pine has now received the remaining CAD $500,000 of the cash portion of the Purchase Price payable by Newton in connection with the [...]
Red Pine Exploration Inc. announces that its Board of Directors has granted an aggregate 100,000 stock options to Rachel Goldman, a recently appointed director of the Company. Each stock option is exercisable into one common share of the Company at a price of $0.61 CAD per common share, with vesting over 36 months, and exercisable for a period of five years from the date of grant. The options are granted pursuant to the [...]
Red Pine Exploration Inc. is pleased to report new and notable results from its 2021 drilling program at the Wawa Gold Project, including the discovery of high-grade gold mineralization in the Jubilee Shear Zone more than 400 metres down-dip of the current boundary of the Surluga Deposit inferred resource. Highlights of the 2021 Drilling Program Intersection in SD-21-298A of 25.73 g/t gold over 4.78 metres true width in [...]