12:12 PM EST - Red Metal Resources : Announces its intention to complete a non-brokered private placement of up to 6,666,667 units at a price of C$0.15 per Unit for gross proceeds of up to C$1,000,000. Each Unit will consist of one common share in the capital of the Company and one whole transferable common share purchase warrant. Red Metal intends to use the net proceeds of the Offering to advance Red Metal's flagship Carrizal copper-gold-cobalt property in Atacama, Chile and for working capital purposes. Red Metal Resources
shares C.RMES are trading unchanged at $0.19.
