News Column

Redhill Closes $600,000 Financing

February 21, 2014



ENP Newswire - 21 February 2014

Release date- 19022014 - Redhill Resources Corp. (RHR: TSX-V) is pleased to announce the closing of its previously announced non-brokered private placement for gross proceeds of $600,000.

The Private Placement consisted of the issuance of 5,000,000 units at a price of $0.12 per unit.

Each Unit consisted of one common share and one share purchase warrant (the 'Warrant') exercisable for a two year term from the closing of the Private Placement at an exercise price of $0.16 per warrant.

The net proceeds of the Private Placement will be used to fund its work commitments on its BC mineral properties and for general corporate and working capital purposes.

All securities issued pursuant to the Private Placement are subject to a statuary hold period expiring on June 19, 2014. The Private Placement remains subject to final acceptance of the TSX Venture Exchange.

'This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.'

Contact:

Redhill Resources Corp.

Suite 2000 - 1177

West Hastings Street

Vancouver, BC V6E 2K3

Canada

Tel: 604-662-8184

Toll Free: 1-877-662-8184

Fax: 604-602-1606


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Source: ENP Newswire


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