Red Eagle Mining Corporation (TSX:R) announced a private placement of 16,045,454 units at a price of CAD 0.35 per unit for gross proceeds of CAD 5,615,909 on December 19, 2017. Each unit is composed of a common share and a warrant exchangeable into a share at a price of CAD 0.50 until August 7, 2022. The payment date is on or about December 21, 2017. The shares and warrants are subject to a four month hold period. The transaction is subject to TSX approval.