Mr. Jag Sandhu reports
BIG RED MINING CORP. ANNOUNCES PRIVATE PLACEMENT
Big Red Mining Corp. has arranged a private placement financing of up to 9,090,909 common shares of the company at a price of 11 cents per common share for gross proceeds to the company of up to $1-million.
The net proceeds received from the offering will be used by the company for exploration and development activities and general working capital.
About Big Red Mining Corp.
Big Red holds an option to acquire a 100-per-cent interest in the Dobie Lake copper project in Ontario, Canada. The property is located approximately 100 kilometres from Sault Ste. Marie, Ont. The property surrounds and covers extensions of the past-producing Jentina mine. The property comprises 131 claims totalling 6,500 acres (26 square kilometres). 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.
© 2025 Canjex Publishing Ltd. All rights reserved.