Red Pine Exploration Inc. is pleased to announce that it has entered into an agreement with Haywood Securities Inc. , as co-lead underwriter and sole bookrunner, on its own behalf and on behalf of Research Capital Corporation, as co-lead underwriter , pursuant to which the Underwriters have agreed to purchase, on a "bought deal" private placement basis, 22,223,000 common shares of the Company at a price of C$0.090 per Non-FT Share , and any combination of tranche 1 flow-through shares of the Company at a price of C$0.105 per Tranche 1 FT Share , and tranche 2 flow-through shares of the Company at a price of C$0.126 per Tranche 2 FT Share , such that the aggregate gross proceeds to the Company equal at least C$7,000,000 . The Company has granted the Underwriters an option to p...