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Red Pine Exploration Inc. completes C$5.235M bought deal private placement

Date Closed

December 7, 2023

Lead Office

Toronto

Value

5.24 Million CAD

On December 7, 2023, Red Pine Exploration Inc. (“Red Pine” or the “Company”) closed its previously announced “bought deal” private placement for gross proceeds of approximately C$5,235,000, including partial exercise of the Underwriters’ Option (the “Offering”). The Offering consisted of: (i) 19,252,785 tranche 1 flow-through common shares of the Company at a price of $0.22 per share; and (ii) 3,704,000 tranche 2 flow-through common shares of the Company at a price of $0.27 per share.

The Offering was led by Haywood Securities Inc. on behalf of a syndicate of Underwriters which included Laurentian Bank Securities Inc. (together, the “Underwriters”).

Red Pine Inc. is a gold exploration company headquartered in Toronto, Ontario.

McCarthy Tétrault advised the Underwriters with a team led by Eva Bellissimo that included Ella Hantho (Business) and Nigel Johnston (Tax).

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