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Last C$0.04 CAD
Change Today 0.00 / 0.00%
Volume 0.0
RMN On Other Exchanges
Symbol
Exchange
Venture
OTC US
Frankfurt
As of 10:10 AM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

red tiger mining inc (RMN) Snapshot

Open
C$0.04
Previous Close
C$0.04
Day High
C$0.04
Day Low
C$0.04
52 Week High
09/12/14 - C$0.30
52 Week Low
08/4/15 - C$0.03
Market Cap
3.9M
Average Volume 10 Days
2.7K
EPS TTM
C$-0.12
Shares Outstanding
112.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for RED TIGER MINING INC (RMN)

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red tiger mining inc (RMN) Details

Red Tiger Mining Inc., through its wholly owned subsidiaries, engages in the acquisition, exploration, and development of copper and gold properties in the state of Sonora, Mexico. The company holds interest in the San Antonio property that covers an area of 11,200 hectares of mineral concessions located near San Antonio, Mexico. It also owns interest in the Luz del Cobre property located in San Antonio de la Huerta, in the state of Sonora, Mexico. The company was formerly known as Zaruma Resources Inc. and changed its name to Red Tiger Mining Inc. in November 2011. Red Tiger Mining Inc. was founded in 1983 and is headquartered in Toronto, Canada.

Founded in 1983

red tiger mining inc (RMN) Top Compensated Officers

Interim Chief Executive Officer, Interim Pres...
Total Annual Compensation: $254.2K
Compensation as of Fiscal Year 2014.

red tiger mining inc (RMN) Key Developments

Red Tiger Mining Inc. Announces Unaudited Production and Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Red Tiger Mining Inc. announced unaudited production and earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported Comex Grade 1 Copper cathodes production of 360 tonnes. For the quarter, the company reported net loss of $1,935,638 or $0.02 per share. Adjusted LBITDA of $139,373 or adjusted EBITDA per share of $0.00 for the three months ended June 30, 2015. For the six months, the company reported Comex Grade 1 Copper cathodes production of 980 tonnes. For the six months, the company reported net loss of $4,898,241 or $0.05 per share. Adjusted LBITDA of $593,271 or adjusted LBITDA per share(1) of $0.01 for the six months ended June 30, 2015.

Red Tiger Mining Inc. Restructures its Senior Secured Loan and its Subordinate Secured Loan

Red Tiger Mining Inc. announced that it has restructured its senior secured loan and its subordinate secured loan such that: Gerald Metals S.A. has acquired the Senior Loan and will provide Red Tiger with an additional USD 1.5 million working capital facility; The Working Capital Facility plus the accrued interest on the Gerald Loan of approximately USD 1.7 million has been given a priority ranking over all other Red Tiger debt facilities; The USD 3.5 million principal amount of the Gerald Loan has been combined with the approximately USD 9.5 million outstanding Senior Loan balance to form a second tranche of secured debt of approximately USD 13.0 million (the "Second Tranche"); Both the Priority Tranche and the Second Tranche shall bear interest at a rate of 9.9% per annum, a reduction from the previous rates of 10.9% under the Senior Loan and 15.0% under the Gerald Loan.

Red Tiger Mining Inc. Announces Restructuring of Senior Secured Loan and Subordinate Secured Loan

Red Tiger Mining Inc. announced that it has restructured its senior secured loan and its subordinate secured loan such that Gerald Metals S.A. has acquired the Senior Loan and will provide Red Tiger with an additional USD 1.5 million working capital facility. The Working Capital Facility plus the accrued interest on the Gerald Loan of approximately USD 1.7 million has been given a priority ranking over all other Red Tiger debt facilities. The USD 3.5 million principal amount of the Gerald Loan has been combined with the approximately USD 9.5 million outstanding Senior Loan balance to form a second tranche of secured debt of approximately USD 13.0 million. Both the Priority Tranche and the Second Tranche shall bear interest at a rate of 9.9% per annum, a reduction from the previous rates of 10.9% under the Senior Loan and 15.0% under the Gerald Loan. Red Tiger also announced that it has extended the term of its copper Offtake Agreement with Gerald Metals from an expiry of 2018 to life of mine. All other commercial terms remain the same. Furthermore, as Red Tiger plans to develop its gold resource, Red Tiger will enter into an exclusive, life of mine, gold Offtake Agreement with Gerald Metals under commercially acceptable terms.

 

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