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Red Mountain's strategic partner Bluebird admitted for trading on LSE

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Red Mountain's strategic partner Bluebird admitted for trading on LSE

The 184,963,840 ordinary shares of —Red Mountain MiningLtd.'s funding partner for the Batangas gold project in the Philippines —were admitted for trading on the London Stock Exchange on April 13, the twocompanies said in separate press releases dated April 13 and April 14.

Red Mountain subscribed for £500,000 of Bluebird's shares inthe placing.

Part of the proceeds will fund the completion of afeasibility study and permitting for Batangas.

Following admission, Bluebird will repay Red Mountain theremaining US$1.3 million in loans out of the US$1.7 million total. Red Mountainwill also receive up to US$600,000 net of its Bluebird subscription.