(TheNewswire)
This press release is issued pursuant to MultilateralInstrument 62-104 - Take-Over Bids and Issuer Bids and NationalInstrument 62-103 - TheEarly Warning System and Related Take-Over Bid and Insider ReportingIssues .
Calgary, Alberta – TheNewswire - May 13, 2022 – Mr. Ryan Kalt reports that he has acquired, in the aggregate,413,000 common shares (the “AcquiredShares”) of Red Lake Gold Inc. (CSE:RGLD)(“ Red LakeGold ” or the “ Issuer ”), on adirect basis and indirect basis (through Kalt Industries Ltd., anentity wholly-owned by Mr. Kalt), having aggregate cash consideration paid of $96,026.15, and suchacquisitions made by way of open-marketfacilities of the Canadian Securities Exchange as at the period ended May 5, 2022 (the “AcquisitionPeriod”). Mr. Kalt further advises for purposes of this news releasethat in combination with the Acquired Shares he also acquired, by wayof grant by the Issuer, a total of 350,000 stock options during theAcquisition Period (the “Acquired Options”), which, in theaggregate and a post-exercise basis, would represent, together withthe Acquired Shares, 2.29% of the outstanding shares of the Issuer(assuming the full exercise of the Acquired Options). As a result ofthe foregoing, Mr. Kalt has made the filing noted herewith.
As at the date hereof, Mr. Kalt now owns and controls,on a direct and indirect basis and in the aggregate, a total11,350,300 common shares of Red Lake Gold, representing approximately34.46% of the issued and outstanding common shares of theIssuer.
Mr. Kalt is the Chairman and Chief Executive Officer ofthe Issuer.
The shares were acquired by Mr. Kalt for investmentpurposes. Mr. Kalt may acquire additional securities of the Issuer either on the open market orthrough private acquisitions or sell securities of the Issuer either on the open market orthrough private dispositions in the future depending on marketconditions, reformulation of plans and/or other relevant factors.Other than the foregoing, Mr. Kalt does not have plans or any futureintentions which relate to or would result in any of the otherforegoing matters .
“ Ryan Kalt ”
Ryan Kalt
The Form 62-103F1 – Required Disclosure under the Early Warning Requirements associated with this news release can beobtained from SEDAR at www.sedar.com . In thealternate, to obtain a copy of the report, please contact Mr. Kalt at1.403.454.2984.
The CSE has not reviewed, approved ordisapproved the contents of this press release.
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