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Red Pine Exploration Inc (OTCMKTS:RDEXF) Stock Gains After Proposed New Investment by Merk Investments LLC

Red Pine Exploration Inc (OTCMKTS:RDEXF) on April 6, 2023, announced that Merk Investments LLC  has expressed interest in being part of the firm’s previously announced private placement.

It is expected that Merk will buy securities under Upsized Offering, enabling it to own about 9.9% and 14.2% of pro forma issued as well as outstanding shares on a basic and partially diluted basis.

Red Pine Announces Proposed New Investment by Merk Investments LLC

The Upsized Offering is being finished for $6,800,000, with agents’ option to sell up to an additional $945,000. The Upsized Offering is expected to close by April 25, 2023. Merk, an investment management firm, gives advisory services to investment companies as well as clients. Its investment objective is to ensure superior risk-adjusted returns through alternative strategies.

Quentin Yarie, CEO of Red Pine said that the company is excited about welcoming Merk as a significant shareholder and supporter. Yarie added that the firm is excited about the prospect of exploring and advancing the Wawa Gold Project with the funds being raised under Upsized Offering.

Peter Maletis, Vice President – of Gold & Precious Metals Research, and Portfolio Manager of Merk said that Red Pine is just scratching the surface of the Project. Maletis said that it is exciting to be a part of the share register with a meaningful equity position. He further stated that the firm puts itself as a friendly partner for junior exploration companies.

Published by Ian Leigh

Ian Leigh is a specialist in analyzing stocks, SEC and OTC filings, and financials of public and privately-held companies. He has played a significant role in M&A activity, consulting with publicly-held firms on acquisitions and divestitures. He also consults on valuations and branding. He lectures at major universities and teaches at specialty financial schools.

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