14:49:35 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Red Pine Exploration Inc (3)
Symbol RPX
Shares Issued 117,442,720
Close 2022-04-13 C$ 0.46
Market Cap C$ 54,023,651
Recent Sedar Documents

Red Pine rolls out Wawa virtual site tour

2022-04-13 15:38 ET - News Release

Mr. Quentin Yarie reports

RED PINE LAUNCHES VIRTUAL TOUR OF THE WAWA GOLD PROJECT

Red Pine Exploration Inc. has launched its virtual site tour utilizing the VRIFY Technology Inc. platform, leveraged to showcase the Wawa gold project. The VRIFY platform has been designed to assist investors in better understanding the scope of Red Pine's 100-per-cent-owned Wawa gold project and to provide the visual aids and updates in the form of valuable new data flow out of the current drilling program and integrated into the platform. With the progress of the drilling program, the VRIFY platform will be able to grasp these successes and demonstrate any material project advancement and value creation for the company's stakeholders.

The 3-D (three-dimensional) renderings and satellite imagery amalgamated into the VRIFY platform provides enhanced content to the Red Pine website and through the VRIFY proprietary platform, a data-rich showcase of the project's historical drilling and recent developments, which is a much more informative and transparent experience for the viewer. The virtual site tour adeptly showcases regional exploration activities and surrounding producers, the Wawa gold site location, infrastructure, land tenure, geologic setting, mineralization model, drill holes and upside deposit potential.

VRIFY Technology is a cloud-based 3-D presentation and collaboration technology platform being used by companies to communicate with investors using 360-degree virtual tours of remote mining assets, 3-D models and interactive presentations. VRIFY can be accessed by website and with the VRIFY iOS and Android apps.

"To follow our continued progress at the Wawa gold project, we encourage all shareholders to visit the new VRIFY model, accessible through our website and the VRIFY platform, to view our resulting geologic model and its evolution over time. The VRIFY platform will enhance communication of our results and add context and transparency of our project's location, scale, resources and drill results as they are released, helping potential investors and shareholders make informed decisions about the company. VRIFY's interactive platform has proven to be an intuitive and valuable investment tool as we systematically advance and derisk the asset and to better provide context to explore the new information provided following the company's public updates," said Quentin Yarie, president and chief executive officer of Red Pine Exploration.

Administration

The company is also pleased to announce that, on April 11, 2022, it has retained the services of Rayleigh Capital Ltd., which will provide corporate communications services to the company, subject to TSX Venture Exchange approval. Rayleigh Capital focuses on global investor relations for junior and small-cap companies specializing at exposing companies to a wide audience of investment professionals.

Under a consulting services agreement between the company and Rayleigh Capital, Rayleigh Capital has been retained for an initial term of one year, subject to either party terminating the agreement by providing written notice to the other party. Under the agreement, the company will pay $10,833.33 per month (plus GST) to Rayleigh Capital to provide liaison, co-ordination, corporate growth strategy, communications and other services to the company.

The company and Rayleigh Capital act at arm's length and Rayleigh Capital has no present interest, directly or indirectly, in the company or its securities. The fee to be paid by the company to Rayleigh Capital under the agreement is for services only.

The company additionally announces that its board of directors has granted an aggregate of 175,000 stock options to employees and consultants of the company. Each stock option is exercisable into one common share of the company at a price of 46 cents per common share, with vesting period of 36 months and exercisable for a period of five years from the date of grant.

About Red Pine Exploration Inc.

Red Pine Exploration is a gold exploration company headquartered in Toronto, Ont., Canada.

The Wawa gold project is in the Michipicoten greenstone belt of Ontario, a region that has seen major investment by several producers in the last five years. Its land package hosts numerous historic gold mines and is over 6,900 hectares in size. The company's chairman of the board is Paul Martin, the former chief executive officer of Detour Gold. The board has extensive and diverse experience at such entities as Alamos, Barrick, Generation Mining, Detour Gold and Paramount Gold Nevada Corp. Led by Mr. Yarie, CEO, who has over 25 years of experience in mineral exploration, Red Pine is strengthening its position as a major mineral exploration and development player in the Michipicoten region.

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