{"id":52742,"date":"2022-03-16T08:00:31","date_gmt":"2022-03-16T12:00:31","guid":{"rendered":"https:\/\/wawa-news.com\/?p=52742"},"modified":"2022-03-16T08:13:29","modified_gmt":"2022-03-16T12:13:29","slug":"red-pine-exploration-publishes-first-annual-esg-report-and-engages-hybrid-financial","status":"publish","type":"post","link":"https:\/\/wawa-news.com\/index.php\/2022\/03\/16\/red-pine-exploration-publishes-first-annual-esg-report-and-engages-hybrid-financial\/","title":{"rendered":"Red Pine Exploration Publishes First Annual ESG Report and Engages Hybrid Financial"},"content":{"rendered":"<p align=\"justify\">Red Pine Exploration Inc. is pleased to announce the publication of its inaugural 2021 Environmental, Social and Governance (\u201cESG\u201d) Report. Related information regarding the Company\u2019s governance, risk management, commitments and performance are outlined within this report. The report marks an important milestone for the Company as it seeks to establish itself as a sustainable growth player in the mineral exploration sector in the Michipicoten Greenstone Belt of Ontario and create a resilient future operation as the Wawa Gold Project drilling program expands.<\/p>\n<p align=\"justify\">Red Pine\u2019s inaugural ESG report will focus on sustainable reporting, enhancing our relations within the community and Indigenous partners, promoting diversity within our employees and corporate governance. The Company\u2019s ESG report will be a valuable tool for investors and stakeholders, as they review Red Pine\u2019s key material ESG topics. The 2021 ESG Report has been made available to the public on the Company\u2019s website.<\/p>\n<p align=\"justify\">Red Pine\u2019s Y2021 ESG Report\u00a0highlights significant progress achieved by the Company during the past year and future benchmarks, including:<\/p>\n<ul type=\"disc\">\n<li>Red Pine is currently involved in Surface Water\u00a0Monitoring in the Parkhill and Darwin-Grace\u00a0areas of the property for any run-off that may\u00a0enter Trout Creek or eventually into the\u00a0Michipicoten River System.<\/li>\n<li>Red Pine has a mutually agreed upon\u00a0consultation process to identify adverse\u00a0impacts to Aboriginal and treaty rights, and\u00a0engage with respect to accommodation, with an aim to\u00a0establish a mutually beneficial, positive, and\u00a0productive relationship.<\/li>\n<li>The Company\u2019s objective is to develop a mutually\u00a0beneficial and respectful relationship with local\u00a0communities within the direct area of interest\u00a0of the mineral concessions in Wawa.<\/li>\n<li>Red Pine is currently in the process\u00a0of completing a Mine Closure Plan.\u00a0Under this Closure Plan, the Company is in the\u00a0monitoring stage of vegetation and lake\u00a0biodiversity. The current Wawa Gold Project is a brownfield\u00a0site with 8 historic gold mines on the property dating back to the late 1800&#8217;s.<\/li>\n<\/ul>\n<p align=\"justify\"><em>\u201cThe initiation of the ESG process was a crucial aspect of Red Pine\u2019s vision, as we commit ourselves to operating responsibly and remain accountable to the highest environmental, social and governance standards. The Company is proud of its substantial first efforts to disclose our practices and performance in ESG in a formal context as we continue to <\/em><em>competently<\/em><em> advance our exploration program at the Wawa Gold Project.\u201d <\/em>\u2013 Quentin Yarie, President and CEO Red Pine Exploration.<\/p>\n<p align=\"justify\">Furthermore, Red Pine is pleased to announce that it has retained Hybrid Financial Ltd. (\u201c<strong>Hybrid<\/strong>\u201d) to provide marketing services to the Company. Hybrid has been engaged to heighten market and brand awareness for Red Pine and to broaden the Company&#8217;s reach within the investment community.<\/p>\n<p align=\"justify\">Hybrid has agreed to comply with all applicable securities laws and the policies of the TSX Venture Exchange (the \u201cTSXV\u201d) in providing the Services. Hybrid has been engaged by the Company for an initial period of 12 months starting, March 15<sup>th<\/sup>, 2022 (the \u201cInitial Term\u201d) and then shall be renewed automatically for successive 6-month periods thereafter, unless terminated by the Company in accordance with the Agreement. Hybrid will be paid a monthly fee of $15,000, plus applicable taxes, during the Initial Term.<\/p>\n<p align=\"justify\">In addition, Red Pine has engaged Haywood Securities Inc. (&#8220;<strong>Haywood<\/strong>&#8220;) for its market-making service to aid in maintaining an orderly trading market for the common shares of the company.<\/p>\n<p align=\"justify\">The market-making service will be undertaken by\u00a0Haywood\u00a0to provide market stabilization and liquidity services in respect of Red Pine&#8217;s listed securities. Under the market making services agreement\u00a0Haywood\u00a0will affect trading, on a reasonable best-efforts basis, of the Company&#8217;s securities in a manner intended to correct temporary imbalances in their supply and demand.\u00a0Haywood\u00a0will provide such services in compliance with the applicable policies of the TSX Venture Exchange and other applicable laws. For its services, the Company has agreed to pay\u00a0Haywood\u00a0$5,000\u00a0per month for a minimum period of 12 months, subject to earlier termination. The agreement may be terminated at any time by the Company or\u00a0Haywood\u00a0provided that the terminating party provides 30 days&#8217; prior written notice of such intention to terminate.<\/p>\n<p align=\"justify\">The Company and\u00a0Haywood\u00a0act at arm&#8217;s length, and\u00a0Haywood\u00a0has no present interest, directly or indirectly, in the Company or its securities except that its clients and members of its pro group may own shares of the Company from time to time. The finances and the shares required for the market-making service are provided by\u00a0Haywood, an arm&#8217;s length party to the Company. The fee paid by the Company to\u00a0Haywood\u00a0is for services only.\u00a0Haywood&#8217;s\u00a0head office is located in\u00a0Vancouver, British Columbia\u00a0at Suite 700 Waterfront Center, 200 Burrard Street.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Red Pine Exploration Inc. is pleased to announce the publication of its inaugural 2021 Environmental, Social and Governance (\u201cESG\u201d) Report. Related information regarding the Company\u2019s governance, risk management, commitments and performance are outlined within this report. The report marks an important milestone for the Company as it seeks to establish itself as a sustainable growth &#8230;<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"class_list":["post-52742","post","type-post","status-publish","format-standard","hentry","category-business"],"publishpress_future_action":{"enabled":false,"date":"2026-04-17 19:14:02","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/posts\/52742","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/comments?post=52742"}],"version-history":[{"count":1,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/posts\/52742\/revisions"}],"predecessor-version":[{"id":52743,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/posts\/52742\/revisions\/52743"}],"wp:attachment":[{"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/media?parent=52742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/categories?post=52742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/tags?post=52742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}