RED EAGLE MINING RDEMF overview

VANCOUVER, British Columbia, Nov. 09, 2018 (GLOBE NEWSWIRE) -- Red Eagle Mining Corporation (TSX: R, BVL: R, OTCQX: RDEMF) advises that the secured lenders have given default notice and a demand letter under the secured credit facility and advised of their intention to appoint FTI Consulting as receiver over Red Eagle Mining’s assets. Red Eagle Mining had negotiated a restructuring, announced August 24, 2018 under which the secured lenders would write off a significant part of their debt to...

VANCOUVER, British Columbia, Oct. 23, 2018 (GLOBE NEWSWIRE) -- Red Eagle Mining Corporation (TSX: R, BVL: R, OTCQX: RDEMF) provides an update on the restructuring announced on August 24, 2018. Red Eagle Mining has received conditional approval from the TSX for an exemption from the requirement to obtain shareholder approval for the debt retirement transaction and potential change of control to Annibale SAC (“ Annibale ”), based on the financial hardship exemption in Section 604(e) of the TSX...

VANCOUVER, British Columbia, Sept. 06, 2018 (GLOBE NEWSWIRE) -- Red Eagle Mining Corporation (TSX: R, BVL: R, OTCQX: RDEMF) provides an update on and additional information on the number of shares to be issued pursuant to its previously announced restructuring. As disclosed in the news release dated August 24, 2018, Red Eagle Mining has implemented a comprehensive restructuring (“ Restructuring ”) including a private placement of approximately 250,000,000 common shares (“ Common Shares...

VANCOUVER, British Columbia, Aug. 24, 2018 (GLOBE NEWSWIRE) -- Red Eagle Mining Corporation (TSX: R, BVL: R, OTCQX: RDEMF) announces a comprehensive restructuring. As of June 30, 2018, Red Eagle Mining had a negative working capital of approximately US $100 million, had been accruing interest on its US $60 million credit facility with Orion Mine Finance (“ Orion ”) and Liberty Metals & Mining Holdings, LLC (“ LMM ”) at the default rate of LIBOR + 14% and been operating under a...

VANCOUVER, British Columbia, Aug. 17, 2018 (GLOBE NEWSWIRE) -- Red Eagle Mining Corporation (TSX: R, BVL: R, OTCQX: RDEMF) announces financial results for the three months ended June 30, 2018 and an update on operations at the Santa Rosa Gold Project, Antioquia, Colombia. Key Production Metrics Total Q1 2018 Q2 2018 Ore Mined (tonnes) 48,616 63,224 Ore Processed (tonnes) 60,695 62,893 Processed Gold Grade (g/t Au) 3.2 3.0 Gold Produced (ounces) 5,727 5,579 Recovery (%) 93 % 92 % Average Per Day...

VANCOUVER, British Columbia, June 11, 2018 (GLOBE NEWSWIRE) -- Red Eagle Mining Corporation (TSX:R) (BVL:R) (OTCQX:RDEMF) is pleased to announce the voting results of the Annual General Meeting of Shareholders held on June 7, 2018 (the “ Meeting ”). A total of 166,012,298 common shares were voted, representing the votes attached to 37.89% of all outstanding common shares. Shareholders voted in favour of a motion to fix the number of directors for election at five and in favour of the...

VANCOUVER, British Columbia, May 16, 2018 (GLOBE NEWSWIRE) -- Red Eagle Mining Corporation (TSX:R) (BVL:R) (OTCQX:RDEMF) is pleased to announce financial results for the three months ended March 31, 2018 and an update on operations at the Santa Rosa Gold Project, Antioquia, Colombia. Key Production Metrics Total Q1 2018 April 2018 Ore Mined (tonnes) 48,616 20,390 Ore Processed (tonnes) 60,695 21,027 Processed Gold Grade (g/t Au) 3.15 3.02 Gold Produced (ounces) 5,727 1,878 Recovery (%) 93% 92%...

VANCOUVER, British Columbia, April 24, 2018 (GLOBE NEWSWIRE) -- Red Eagle Mining Corporation (TSX:R) (BVL:R) (OTCQX:RDEMF) is pleased to announce closing of the acquisition of all the issued and outstanding common shares of Red Eagle Exploration Limited (“ XR ”, formerly known as CB Gold Inc.) not already owned by it. XR will be delisted from the TSX Venture Exchange effective April 26, 2018. Pursuant to the transaction, Red Eagle Mining acquired an aggregate of 91,892,516 common shares of...