Oct 1 (Reuters) - Red Mountain Mining Ltd RMX.AX :
* Red Mountain to increase stage 1 project level funding
* Says strategic partner to significantly increase stage 1 funding from USD 1
million to 1.7 million
* Says agreed with strategic financing partner, Bluebird Merchant Ventures Ltd
* Additional funding will provide opportunity to carry out planned new drilling
program and fast track completion of DFS
* Stage 1 funding will fund completion of definitive feasibility study and all
permitting requirements for the Batangas Gold Project
* Has also extended CPA with Acuity Capital Investment Management Pty for a
further 12 months
* Source text for Eikon ID:nASX4F2hSq