Big Red Mining Corp. Closes Flow-Through Private Placement

Big Red Mining Corp. (CSE: RED) has successfully closed a flow-through private placement, raising C$757,050 through the issuance of 3,605,000 common shares at $0.21 per share. The proceeds will be allocated towards property exploration, with a focus on the Antimony 2.0 Property in New Brunswick and the Dobie Lake Copper Project in Ontario. This financing round signals the company's commitment to maximizing the minable resource potential of its properties and expanding its shareholder base.

The Antimony 2.0 Property, covering over 35 square kilometers, has excellent access via provincial and logging roads, and hydro power. The property has shown highly anomalous levels of antimony in soil samples, indicating its potential for mineral exploration. The Dobie Lake Copper Project, comprising 131 claims totaling 6,500 acres, surrounds and covers extensions of the past-producing Jentina Mine. Past drilling on the property has identified at least three copper-bearing vein and breccia structures with copper values.



Big Red's management team, with extensive experience in financing, exploration, development, and mining, aims to conduct exploration campaigns on both properties to maximize their minable resource potential. The raised capital will enable the company to fund these exploration activities, potentially leading to the discovery of new resources and enhancing shareholder value.

The closing of this private placement has expanded Big Red's shareholder base and strengthened its financial position. The issuance of finder's warrants to GloRes Securities Inc. and Marquest Asset Management Inc. signals the involvement of experienced financial intermediaries, which could facilitate future financing opportunities. As Big Red continues to explore and develop its properties, investors can expect updates on the progress and potential discoveries made during these exploration campaigns.



In conclusion, Big Red Mining Corp.'s successful flow-through private placement demonstrates the company's commitment to exploring and developing its mineral properties. With a strong management team and a diversified portfolio of projects, Big Red is well-positioned to capitalize on the growing demand for minerals and metals in the global market. As the company continues to explore and develop its properties, investors can expect updates on its progress and potential discoveries, further enhancing the value of their investments.