Red Pine stated the deal will likely consist of the issuance of 7,693,000 non-transferable usual shares at a cost of C$ 0.26 per share, along with 10 million shares of transferable ordinary shares (FEET) of Red Pine valued at $0 CAD..30 per common foot
Red Pine Exploration Inc (TSX-V: RPX, OTCQB: RDEXF) has actually introduced that it has actually gotten a funding contract making up FEET as well as non-circulating usual shares with Haywood Securities Inc, which acts as a significant specialist. Red Pine was mindful that the offering would definitely include the distribution of over 7.6 million uncirculated normal shares at a rate of C$ 0.26 per share as well as 10 million feet of Red Pine regular shares at a rate of C will certainly consist of $0.30 per share.