(Expressed in US dollars except where noted as C$)
TORONTO,
Oct. 1, 2013 /CNW/ - Red Tiger
Mining Inc., (TSXV: RMN), (the "Company" or "Red Tiger") today
announces that it has issued 692,441 common shares to Gerald Metals
SA.
As previously announced on April 2, 2012, the Company's wholly-owned
subsidiary, Minerales Libertad, S.A. de C.V., entered into a debt
financing agreement with Gerald Metals for $3,500,000. The debt bears an annual interest
rate of 15% payable in cash, plus an interest premium payable in
common shares of the Company. The interest premium is 3% per annum
on principal outstanding between November
30, 2012 and February 28,
2013. Thereafter, the interest premium is 10% per annum. The
interest premium is capped at a maximum of 692,441 common shares of
the Company, which has been issued today.
Red Tiger is
listed on the TSX Venture Exchange (symbol "RMN"). After the
issuance of these shares, the number of shares outstanding is
101,318,776.
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.
SOURCE Red Tiger Mining Inc.