Redtail Announces Private Placement
29 November 2011 - 11:33AM
PR Newswire (Canada)
TSX-V: RTZ www.redtailmetals.com /NOT FOR DISTRIBUTION TO UNITED
STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES/ VANCOUVER, Nov. 30, 2011 /CNW/ - Redtail Metals Corp.
(the "Company") announces that it will conduct a
non-brokered private placement of up to 2,222,000 units of the
Company at $0.225 per unit (the "Units") to raise gross proceeds of
up to $500,000. Each Unit will consist of one common share of the
Company and one half of one share purchase warrant, each full
warrant entitling the holder to acquire one additional common share
of the Company at a price of $0.30 per share, for a term of two
years from the date of issuance. The proceeds from this private
placement will be used for general working capital purposes.
The private placement is subject to receipt of all required
regulatory approvals. About Redtail Metals Corp. Redtail Metals
specializes in identifying, acquiring and developing quality
precious metal enriched copper, lead and zinc mineral deposits in
Yukon, Canada. The Company currently controls the Marg and Clear
Lake massive sulfide deposits, both with 43-101 compliant mineral
resources, along with a number of other quality exploration
properties in Yukon. Redtail Metals has a committed management team
with extensive experience in Yukon and a proven track record of
building shareholder value in the junior equity market. Neither TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. No
stock exchange, securities commission or other regulatory authority
has approved or disapproved the information contained herein. This
press release contains projections and forward-looking information
that involve various risks and uncertainties regarding future
events. Such forward-looking information can include without
limitation statements based on current expectations involving a
number of risks and uncertainties and are not guarantees of future
performance. There are numerous risks and uncertainties that could
cause actual results and Redtail Metals' plans and objectives to
differ materially from those expressed in the forward-looking
information. Actual results and future events could differ
materially from those anticipated in such information. These and
all subsequent written and oral forward-looking information are
based on estimates and opinions of management on the dates they are
made and are expressly qualified in their entirety by this notice.
Except as required by law, Redtail Metals' assumes no obligation to
update forward-looking information should circumstances or
management's estimates or opinions change. Redtail Metals Corp.
CONTACT: Redtail Metals Corp.John W. Legg, President(604)
648-4653In Europe: Blair M. Shilleto, Chairman41 (0) 79 205 37
26info@predatorgroup.cawww.redtailmetals.com
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