VANCOUVER, Sept. 20, 2016
VANCOUVER, Sept. 20, 2016 /PRNewswire/ - Red Eagle Mining Corporation (TSX-V: RD, OTCQX: RDEMF, SSE-V: RDCL) is pleased to announce that its shares will start to trade on the Bolsa de Valores de Lima ("BVL") on September 20, 2016 under the ticker RD.
"Listing on the BVL will allow Red Eagle Mining to not only access the capital markets in Peru, but also the capital markets in Colombia, Mexico and Chile through the Integrated Latin American Market, while strengthening our visibility in the region", commented Ian Slater, Co-Founder & Chief Executive Officer.
Kallpa Securities SAB, a leading independent full-service financial firm based in Lima, has been retained as listing sponsor for Red Eagle Mining's BVL listing. "Having a Canadian headquartered company with Colombian assets listing on the Lima Stock Exchange is a first for the BVL and demonstrates benefits of the integration of capital markets. Peru is a world-class mining country with many sophisticated investors who understand mining and the opportunity investing in Red Eagle Mining represents", remarked Ricardo Carrión, Co-Founder and Managing Director of Kallpa Securities.
About Red Eagle Mining
Red Eagle Mining is a well-financed gold exploration and development corporation with an experienced mine development team. Management is focused on building shareholder value through discovering and developing gold projects with low costs and low technical risks in Colombia, a jurisdiction with prolific historic production but until recently limited modern exploration. Red Eagle Mining owns 100% of the Santa Rosa Gold Project, where construction is underway at the fully permitted and fully financed San Ramon Gold Mine with production expected to commence in the second half of 2016. Red Eagle Mining also controls CB Gold which owns 100% of the Vetas Gold and Santa Ana Silver Projects and is actively consolidating additional high grade precious metal deposits in Colombia.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although Red Eagle Mining believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements. This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
SOURCE Red Eagle Mining Corporation