Red Tiger Mining Inc. (TSXV:RMN) announced a non-brokered private placement of 10,928,181 shares at $0.045753 per share for gross proceeds of $500,000 on April 29, 2015. The shares issued represents 9.7% stake in the company. The shares were issued to Maxim Finskiy, director of the company.

The shares issued are subject to a hold period expiring on August 30, 2015. Prior to the transaction, Maxim Finskiy had 44,937,971 common shares and common share purchase warrants entitling to acquire 4,245,681 common shares, representing 44.4% stake in the company. Maxim Finskiy also holds stock options entitling him to acquire up to 50,000 common shares of the company.

Post the transaction, Maxim Finskiy holds 49.8% stake in the company on an undiluted basis or 60,161,833 common shares representing 51.6% stake in the company on partially diluted basis, assuming exercise of all of the warrants and stock options. The company will not pay any commission or finder's fees as part of the transaction. The securities issued are being offered pursuant to exemptions from prospectus requirements of applicable securities legislation as will be subject to a hold period of four months and one day from the date of issue.