01:17 PM EDT, 07/09/2025 (MT Newswires) -- Red Pine Exploration ( RDEXF ) on Wednesday said it closed an upsized best-efforts brokered offering of listed issuer financing exemption (LIFE) securities that raised $8.5 million.

The offering consisted of common, non flow-through share unitss (NFT), flow-though share units and charity flow-through share units.

The proceeds from the sale of NFT units will be used for working capital, general corporate purposes, and the evaluation of the potential for future open pit production at the Wawa Gold Project.

Proceeds from the issue and sale of FT units and CFT units will be used for exploration expenses on its Wawa Gold Project in Ontario and for Canadian exploration expenses.

Shares of the company were last seen up 0.003 at $0.092 on the TSX Venture Exchange.