Vancouver, British Columbia--(Newsfile Corp. - June 17, 2024) - Big Red Mining Corp. (CSE: RED) (FSE: K8J) (the "Company" or "Big Red") announces a private placement financing (the "Offering") of up to 7,500,000 units of the Company (the "Units") at a price of C$0.02 per Unit for gross proceeds to the Company of up to C$150,000. Each Unit will consist of one common share in the capital of the Company (each, a "Common Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder thereof to purchase one Common Share at an exercise price of C$0.05 for a period of 12 months from the issuance thereof.
The net proceeds received from the Offering will be used by the Company for exploration and development activities.
About Big Red Mining Corp.
Big Red holds an option to acquire a 100% interest in the Dobie Lake Copper Project (the "Property") in Ontario, Canada. The Property is Located approximately 100 km from Sault Ste Marie, Ontario. The Property surrounds and covers Extensions of the Past producing Jentina Mine. The Property comprises 131 claims totaling 6,500 Acres (26 Square kilometers). Big Red's management team possess extensive experience in financing, exploration, development and mining. Big Red's mission is to conduct future drilling campaigns on the Dobie Lake copper property to maximize its minable resource potential.
WWW.BIGREDMINING.COM
On Behalf of the Board of Directors
Jag Sandhu, CEO and President 778-218-9638
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/213383
SOURCE: Big Red Mining Corp.
