Oct 15 (Reuters) - Red Mountain Mining Ltd RMX.AX :
* Red Mountain signs new strategic financing agreement RMX.AX
* Says new strategic financing agreement signed, increases stage 1 funding to US$1.7 million
* Red Mountain to be repaid US$850,000 of loaned funds plus interest by 27 November 2015
* Says funding secured to initiate high-grade gold target drilling and complete dfs and permitting
* Red Mountain rmms and bluebird have varied loan agreement that covers any shortfall in stage 1 funding by bluebird from June to November 2015
* Says bluebird will then have two alternative options to increase equity in rmms to 50.1%
* Source text for Eikon ID:nASX13lBpB