Red Eagle Mining Corp. 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 [...]
Red Eagle Mining Corp. 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, based on the financial hardship [...]
Red Eagle Mining Corp. 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 including a private placement of approximately 250,000,000 common [...]
Red Eagle Mining Corp. 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 and Liberty Metals & Mining Holdings, LLC at the default rate of LIBOR + 14% and been [...]
Red Eagle Mining Corp. 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 48,616 63,224 Ore Processed 60,695 62,893 Processed Gold Grade 3.2 3.0 Gold Produced 5,727 5,579 Recovery 93 % 92 [...]
Red Eagle Mining Corporation is pleased to announce the voting results of the Annual General Meeting of Shareholders held on June 7, 2018. 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 [...]
Red Eagle Mining Corp. 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 48,616 20,390 Ore Processed 60,695 21,027 Processed Gold Grade 3.15 3.02 Gold Produced 5,727 1,878 [...]
Red Eagle Mining is pleased to announce closing of the acquisition of all the issued and outstanding common shares of Red Eagle Exploration 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 XR at a [...]
Red Eagle Mining Corp. is pleased to announce results from ongoing underground delineation drilling at the San Ramon Gold Mine, Santa Rosa Gold Project, Antioquia. Results from 19 additional underground delineation holes have been received. Results continue to return intercepts with grades significantly higher than the reserve grade of 5.2 g/t Au [...]
Red Eagle Mining and Red Eagle Exploration announce that Red Eagle Exploration has received the required approval from its shareholders for the Amalgamation Agreement dated March 2, 2018 pursuant to which Red Eagle Mining will acquire all of the issued and outstanding common shares of Red Eagle Exploration not already owned by it by way of a [...]
VANCOUVER, British Columbia, April 10, 2018 -- Red Eagle Mining Corp. is pleased to provide an update on operations at the Santa Rosa Gold Project, Antioquia, Colombia. The mill ran at 727 tonnes per day, processing 22,549 tonnes at 3.89 grams per tonne gold producing 2,651 ounces of gold in March. San Ramon currently has 21 active attack ramps [...]
VANCOUVER, British Columbia, March 28, 2018 -- Red Eagle Mining Corp. is pleased to announce financial and operating results for the year ending December 31, 2017. The focus for the second half of 2017 was to complete enough underground development to support sustainable production and give access to underground drill pads. This was successfully [...]
