Sorry, my bad - no news releases were posted on the site so had to go elsewhere for more info

Red Eagle Mining Corporation (TSX VENTURE:RD)(OTCQX:RDEMF) has completed its previously announced $20,000,000 financing. The financing consists of a private placement of 21,212,121 common shares at $0.55 per share for gross proceeds of $11,666,667

the dilution starts

and the sale of a 2% net smelter royalty on Red Eagle Mining's Santa Rosa gold project to Liberty Metals & Mining Holdings LLC for $8,333,333.

still don't understand how one can sell something they don't own (legally).

And nothing on metallurgy