Red Pine Petroleum Announces Private Placement and Debt Settlement

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Dec 12, 2019
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VANCOUVER,BC / ACCESSWIRE /December 12, 2019 / Red Pine Petroleum Ltd. (TSXV:RPN, Financial)(the "Company") is pleased to announce that it intends to complete a non-brokered private placement of up to 40,000,000 units (each, a "Unit") for gross proceeds of $200,000, each Unit comprised of one common share in the capital of the Company (each, a "CommonShare") and one common share purchase warrant (each, a "Warrant"). Each Warrant entitles the holder thereof to purchase one Common Share for a period of 60 months following closing of the Offering at a price of $0.005 per Common Share (the "Offering").