(TheNewswire)
Vancouver, British Columbia – TheNewswire - July 8, 2024 - Red Lake Gold Inc.(CSE: RGLD)(“ Red LakeGold ” or the " Corporation ") reports that it plans to conduct anon-brokered common share financing (the "Financing")consisting of up to 5,000,000 common shares (the “Common Shares”)to be issued at a price of $0.10 per Common Share.
Red Lake Gold intends to use the net proceeds of the Financing toadvance its Whirlwind Jack Gold Project located near Red Lake, Ontarioas well as for working capital purposes (the “Use of Proceeds”).
The Corporation may pay a 6% cash finder’s fee on subscriptionsunder the Financing, which excludes cash finder’s fees onsubscriptions by any Insiders (as that term is defined by securitieslaws) who may in turn participate for amounts equal to and/or greaterthan 25% of the Financing or tranche(s) thereof.
If the Financing is completed either in whole or through partialtranche(s), any Common Shares issued thereunder will be subject to allapplicable regulatory approvals and a customary four-month and one dayhold period on the Common Shares issued under the Financing pursuantto applicable securities laws of Canada.
About Red Lake Gold Inc.
Red Lake Gold Inc. is a Vancouver-based junior miningexploration company, traded on the Canadian Securities Exchange (CSE)under the symbol “RGLD”. For more information, please visitwww.redlakegold.ca.
The Corporation is subject to various risks anduncertainties, including those risks and uncertainties set out in itspublic filings, such public filings generally being available, withoutlimitation, through SEDAR+ (www.sedarplus.ca) and the Corporation’sDisclosure Hall on the CSE website(thecse.com/listings/red-lake-gold-inc/#disclosure).
On Behalf of the Board ofDirectors
Ryan Kalt
Chairman & Chief Executive Officer
T: 604.687.2038
Email: info@redlakegold.ca
Forward-Looking Statements
This news release contains forward-looking statements. Forward-lookingstatements address future events and conditions and therefore involveinherent risks and uncertainties, including but not limited to thenumber of Common Shares issued, if any, under the Financing, theclosing(s), if any, of the Financing, and/or alteration to theintended Use of Proceeds of the Financing. Actual results may differmaterially from those currently expected or forecast in suchstatements.
Neither the CSE nor its RegulationServices Provider (as that term is defined in the policies of the CSEExchange) accepts responsibility for the adequacy or accuracy of thisrelease.
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