Red Hut Metals announces that it has closed its part-and-parcel private placement, issuing 9,600,000 units at a price of $0.10 per Unit, for gross proceeds of $960,000. Each Unit is comprised of one share and one-quarter of one share purchase warrant with each whole Warrant entitling the holder to purchase one share of Red Hut at a price of $0.25 per share for a period of one year.
Further to its news releases of February 23, 2017, March 15, 2017 and April 5, 2017, Red Hut Metals is pleased to report that it has filed a 43-101 compliant Technical Report on SEDAR on the Providence Group of Gold Mines in Tuolumne County, California. The Report dated April 24, 2017 by John Kowalchuk BSc., P. Geo., recommends a two-phase work program for the Property with a budget of approximately $1 million, with the [...]
Further to the News Release of February 23, 2017 wherein the Company announced that it had signed a Letter of Intent whereby Red Hut will acquire by way of assignment all of the contractual interests held by the Assignors in various patented and located mineral claims with a rich history of gold mineralization in Western California. The Providence Group of Mines is located in the Summerville Mining District, Tuolumne [...]
Red Hut Metals announces that it has signed a Letter of Intent with each of Ray Merry and Ron Coombes of Maple Ridge, B.C. and 0999940 B.C. Ltd, whereby Red Hut will acquire by way of assignment all of the contractual interests held by the Assignors in various patented and located mineral claims with a history of gold mineralization in Western California.
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