- Big Red Mining (RED) began trading on the Canadian Securities Exchange under the symbol RED
- The mining company holds an option to acquire a 100 per cent interest in the Dobie Lake Copper Project
- It plans to conduct future drilling campaigns on the Dobie Lake property to maximize its minable resource potential
- Big Red’s management team includes individuals with extensive experience in financing, exploration, development, and mining
- Big Red Mining Corp. (RED) is down 26.92 per cent, trading at $0.19 per share
Big Red Mining (RED) began trading on the Canadian Securities Exchange today under the symbol RED.
The mining company holds an option to acquire a 100 per cent interest in the Dobie Lake Copper Project, which is located near Sault Ste Marie, Ontario.
Dobie Lake covers 131 claims totalling 6,500 acres, surrounding extensions of the past-producing Jentina Mine.
Big Red’s management team includes individuals with extensive experience in financing, exploration, development, and mining.
Jag Sandhu, the company’s founder, president, director, and CEO has over 18 years of experience in the capital markets in corporate finance and development. He has dealt extensively with strategic planning, mergers and acquisitions, financings, and operations for companies in various senior leadership positions.
Leading the company in its exploration activities is James R. Atkinson, an experienced exploration geologist and project manager with over 45 years of experience. Mr. Atkinson has spent his career in both mineral exploration and mining and in the environmental field.
Big Red’s Chief Financial Officer is Paul Grewal, a CPA and CA with experience as CFO in a number of publicly listed junior mining companies in Canada.
Finally, the company has enlisted Rodney Stevens as a director of the company for his experience in capital markets and investment banking. Mr. Stevens is a CFA charter holder who has assisted in financings and M&A activity worth over $1 billion in transaction value.
Big Red has granted stock options to certain directors, officers, employees, and consultants of Big Red to purchase up to 2,000,000 common shares at $0.20 per share.
As it begins its exploration of the Dobie Lake project, Big Red’s mission is to conduct future drilling campaigns on the Dobie Lake copper property to maximize its minable resource potential.
Big Red Mining Corp. (RED) is down 26.92 per cent on its first day of trading, coming in at $0.19 per share as of 1:57 pm ET.