Red Eagle Mining Completes $19 Million Financing

Red Eagle Mining (TSXV:RD) has completed a $19 million equity financing, closing the second tranche of its previously announced private placement for roughly $5.65 million. In connection with the transaction, Mr. Steve Dixon has been appointed to the Board of Directors of the company.
As quoted in the press release:

Mr. Dixon is co-founder, Chief Executive Officer and Director of STRACON GyM S.A., a leading provider of mining and construction services throughout Latin America.  Mr. Dixon is a civil engineer with in excess of twenty five years’ experience in the international mining and construction industry, the past sixteen of which have been in senior roles in South America.  Mr. Dixon has been involved with the development and operation of several mines throughout the region.

In order to accommodate the appointment of Mr. Dixon, Mr. Ken Cunningham has agreed to resign from the Board of Directors of Red Eagle Mining.  The Board would like to thank Ken for his contribution as a director and wishes him every success.

Click here for the full press release.