Red Pine Exploration Inc. announced a private placement of 16,700,000 units at an issue price of CAD 0.20 per unit for gross proceeds of up to CAD 3,340,000 on May 10, 2023. Each unit consists of one common share and one common share purchase warrant, entitling the holder to acquire an additional common share of the Company at a price of CAD 0.25 for a period of 12 months from the date of issuance. The company has issued securities of CAD 1,000,000 pursuant to Regulation D.