(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 - July 13, 2023 - Mr.Ryan Kalt reports that he has indirectly acquired 2,000,000 commonshares (the “ Acquired Shares ”) of Red Lake Gold Inc. (CSE:RGLD) (“ Red Lake Gold ” or the “ Issuer ”) through Kalt Industries Ltd. (the“ AcquiringEntity ”), a Calgary-based corporation that iswholly-owned by Mr. Kalt. The Acquired Shares were acquired on July12, 2023 under a publicly-announced financing (the “ Financing ”)conducted by the Issuer on a flow-through basis and for which cashconsideration of $100,000.00 was paid to theIssuer by the Acquiring Entity for the Acquired Shares.
Under the Business Corporation Act (British Columbia),which applies to the Issuer, Mr. Kalt, who is Chairman and ChiefExecutive Officer of the Issuer, abstained from voting on specificresolutions related to the Financing and duly provided all applicablenotices under the regulations.
As at the date hereof, Mr. Kalt now owns and controls,on a direct and indirect basis (in the aggregate) a total of13,581,800 common shares of Red Lake Gold, representing approximately38.00% of the Issuer’s currently issued and outstanding commonshares.
The Acquired Shares were acquired on an indirect basisby Mr. Kalt for investment purposes through the Acquiring Entity.
Mr. Kalt and/or the Acquiring Entity may acquireadditional securities of the Issuer either on the open market or through private acquisitions orsell securities of the Issuer either on the open market or through private dispositions inthe future depending on market conditions, reformulation of plansand/or other relevant factors. Other than the foregoing, Mr. Kaltand/or the Acquiring Entity does/do 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.
Copyright (c) 2023 TheNewswire - All rights reserved.