RPX Red Pine Exploration Inc

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


RED PINE EXPLORATION INC. (TSX VENTURE:RPX) (the "Corporation" or "Red Pine") -
Red Pine is pleased to announce that it has closed the short form prospectus
offering announced on March 31, 2014 (the "Offering"), pursuant to which Red
Pine sold 14,330,000 units (the "Units") of the Corporation at a price of $0.05
per Unit, and 41,519,000 flow-through units (the "Flow-Through Units") of the
Corporation at a price of $0.055 per Flow-Through Unit for aggregate gross
proceeds of $3,000,045. 


The Offering was conducted on a "best efforts" agency basis by Secutor Capital
Management Corporation (the "Agent"). In consideration for its services in
connection with the Offering, the Agent received a cash commission of
approximately $170,930. The Agents also received 3,178,140 broker warrants (the
"Broker Warrants"). Each Broker Warrant entitles the Agent to acquire one common
share in the capital of the Corporation at a price of $0.055 per share for a
period of 36 months from closing of the Offering.


Red Pine intends to use the net proceeds of the Offering to advance the
exploration program on its Cayenne mineral property near Timmins, Ontario (the
"Cayenne Property"), and for working capital and general corporate purposes. The
proceeds from the sale of the FT Units will be used to incur Canadian
Exploration Expenses (CEE) within the meaning of that term in the Income Tax Act
(Canada) on the Cayenne Property.


Certain insiders of the Corporation have directly and/or indirectly participated
in the Offering, acquiring 8,200,000 Units and 8,200,000 FT Units, representing
approximately 5% of the Offering. The participation by these insiders in the
Offering is considered a "related party transaction" under Multilateral
Instrument 61-101 ("MI 61-101") but is exempt from the formal valuation and
minority shareholder approval requirements of MI 61-101 as the fair market value
of the transaction, insofar as it involves interested parties, is less than 25%
of the Corporation's market capitalization. The Corporation did not file a
material change report more than 21 days before the closing of the Offering as
required by MI 61-101 as the details of the participation by the insiders in the
Offering were settled only recently.


About Red Pine

Red Pine Exploration Inc. is a gold and base-metals exploration company
headquartered in Toronto, Ontario, Canada. The Cayenne Property consists of 21
contiguous claims and 4 patented claims encompassing approximately 4,096
hectares. Red Pine's common shares trade on the TSX Venture Exchange under the
symbol "RPX". 


The securities have not been registered under the United States Securities Act
of 1933 (the "Act") or any state securities laws and may not be offered or sold
absent registration under the Act and applicable state securities laws or an
applicable exemption from the registration requirements thereof. This news
release does not constitute an offer to sell or a solicitation of an offer to
buy, nor shall there be any sale of these securities in any jurisdiction in
which such offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such jurisdiction or an
exemption there from. 


Qualified Person 

Quentin Yarie, P.Geo, is the qualified person in regard to the technical data
contained within this news release and will be responsible for overseeing all
aspects of the Company's exploration programs.


For detailed information about the Company, please visit www.redpineexp.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.


Certain statements herein may constitute forward-looking statements, including
those identified by the expressions "may", "will", "should", "could",
"anticipate", "believe", "plan", "estimate", "potential", "expect", "intent" and
similar expressions to the extent they relate to the Corporation or its
management. These statements reflect the Corporation's current expectations and
are based on information currently available to management. These
forward-looking statements are subject to a number of risks, uncertainties,
assumptions and other factors that could cause actual results or events to
differ materially from current expectations, including the matters discussed
under "Risk Factors" in the Corporation's annual information form dated March
27, 2014 and the matters discussed under "Risk Factors" in the Corporation's
amended and restated final short form prospectus dated April 23, 2014. These
forward-looking statements are made as of the date hereof, and the Corporation
assumes no obligation to update or revise them to reflect new events or
circumstances, except in accordance with applicable laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Red Pine Exploration Inc.
Quentin Yarie
President & COO
(416) 364-7024
qyarie@redpineexp.com


Red Pine Exploration Inc.
Mia Boiridy
Investor Relations
(416) 364-7024
mboiridy@redpineexp.com

Grafico Azioni Red Pine Exploration (TSXV:RPX)
Storico
Da Dic 2024 a Gen 2025

Grafico Azioni Red Pine Exploration (TSXV:RPX)
Storico
Da Gen 2024 a Gen 2025