Red Eagle Mining Corporation announced a private placement of 23,545,000 units at a price of CAD 0.35 per unit for gross proceeds of CAD 8,240,750. Each unit consists of one common share and one warrant. Each warrant is exchangeable into one share at a price of CAD 0.50 until August 7, 2022. The securities issued are subject to a four month hold period from the issuance. The transaction is expected to occur on or about November 22, 2017, subject to TSX approval.