Big Red Mining Corp. Initiates C$150K Private Placement

Big Red Mining Corp (TSE:RED) has released an update.

Big Red Mining Corp. has announced a private placement offering aimed at raising C$150,000 through the sale of 7,500,000 units at C$0.02 each, which includes a share and a purchase warrant. The funds are earmarked for the exploration and development of the company’s Dobie Lake Copper Project in Ontario. This project is notable for encompassing extensions of the historically productive Jentina Mine and spans over 6,500 acres.

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