MOSCOW, RUSSIA, Apr 30, 2015 (Marketwired via COMTEX) — Maxim Finskiy ("Finskiy"), 22 Tverskaya, Ulitsa, Moscow 125009, Russia, announces that, pursuant to a private placement financing (the "Private Placement"), he acquired, through MMC Holding, 6, rue Eugene de Ruppert L-2453, Luxembourg, Grand Duchy of Luxembourg, a company controlled by him, beneficial ownership of and/or control or direction over 10,928,181 common shares (the "Acquired Shares") of Red Tiger Mining Inc. ("Red Tiger"), representing approximately 9.7% of the issued and outstanding common shares of Red Tiger. Finskiy paid CDN$0.055 per Red Tiger common share pursuant to the Private Placement.
Prior to the acquisition of the Acquired Shares, Finskiy, through companies controlled by him, beneficially owned and/or exercised control or direction over 44,937,971 Red Tiger common shares and common share purchase warrants entitling Finskiy to acquire up to 4,245,681 Red Tiger common shares, representing approximately 44.4% of the issued and outstanding common shares of Red Tiger on an undiluted basis. Finskiy also holds Red Tiger stock options entitling him to acquire up to 50,000 Red Tiger common shares. Following the acquisition of the Acquired Shares, Finskiy beneficially owns and/or exercises control or direction over 55,866,152 Red Tiger common shares, warrants entitling him to acquire up to 4,245,681 Red Tiger common shares and stock options entitling him to acquire up to 50,000 Red Tiger common shares. This represents approximately 49.8% of the issued and outstanding Red Tiger common shares on an undiluted basis (or 60,161,833 common shares or approximately 51.6% on a partially diluted basis, assuming exercise of all of the warrants and stock options held by Finskiy).