reports
Red Eagle Mining Received Default Notice
Red Eagle Mining Received Default Notice 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 enable Red Eagle Mining to recommence operations, but the ...
Red Eagle Mining Provides Update on Restructuring
Red Eagle Mining Provides Update on Restructuring 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 Company Manual. The private placement (“Private ...
Red Eagle Mining Provides Additional Information on Restructuring
Red Eagle Mining Provides Additional Information on Restructuring 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”) , retirement of its existing credit fa...
Red Eagle Mining Announces Restructuring
Red Eagle Mining Announces Restructuring 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 forbearance agreement since April 2018. The situation was unsustainable, s...
Red Eagle Mining Reports Q2 2018 Financial Results
Red Eagle Mining Reports Q2 2018 Financial Results 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 2018Q2 2018Ore 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 Ore Mined (tonnes)540 694 Ore Processed (tonnes)...
Red Eagle Mining Announces Results of 2018 AGM
Red Eagle Mining Announces Results of 2018 AGM 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 election of all director nominees. The percentage of votes ca...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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