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Antioquia, Red Tiger, Strike Minerals news briefs

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Antioquia has announced a non-brokered private placement for aggregate gross proceeds of up to $3,000,000, through the issuance of units at $0.17 per unit. Each unit will comprise one common share and one-half of one common share purchase warrant. The cash proceeds will be used to fund the Q4/2012 drilling program at the Company’s Cisneros project in the Department of Antioquia in Colombia.

Red Tiger announced a non-brokered private placement to insiders of the Company and others for gross proceeds of up to US$2,500,000. The proceeds are to be used for working capital, which was depleted by the flood in July 2012 at the Company’s Luz del Cobre mine in Mexico. The private placement will comprise up to 6,068,750 units at $0.40 per unit. Each unit will consist of one common share plus one common share purchase warrant.

Strike Minerals Inc.

(1) Strike Minerals will offer on a best-efforts basis a non-brokered private placement of up to $500,000 in common share units and flow-through units. The Company will offer a combination of up to 3,500,000 flow-through units at $0.10 per flowthrough unit and up to 2,142,860 common share units at $0.07 per share per common unit. Each flow-through unit comprises one flow-through share and one common share purchase warrant, and each common unit comprises one common share and one warrant.

(2) Strike had earlier announced (September 19, 2012) that it had issued 3,000,000 common shares to purchase mining equipment to be used to place into production the Edwards gold mine property (in the Goudreau-Lochalsh gold camp near Wawa, Ontario). The shares were issued at $0.07 per share, reflecting the share price at the time of agreement.

(3) The Company announced results from drill hole HH-12-03, recently completed on the Harkness-Hays property in the Hemlo-Schreiber greenstone belt of northwestern Ontario. The hole intersected gold mineralized zones from 65 to 90 metres below hole HH-12-01, and 25 to 35 metres west of Hole HH-12-02. The intersections encountered feature quartz veins, stock-work quartz veining and vein breccias containing abundant pyrite, and in places visible gold within pyrite cube fractures and also resting on the pyrite agglomerations.