(TheNewswire)
Vancouver, British Columbia – TheNewswire - June 28, 2023 – Red Lake Gold Inc. (CSE:RGLD) (“ Red Lake Gold ” orthe " Corporation ") announces that it intendsto conduct a non-brokered flow-through financing (the"Flow-Through Financing") consisting of up to 3,500,000flow-through shares (the "Flow-Through Shares") to be issuedat a price of $0.05 per Flow-Through Share for gross proceeds of up to$175,000.
Red Lake Gold intends to use the proceeds of theFlow-Through Financing to fund exploration work at its Whirlwind JackProject and/or other exploration opportunities as its current and/orforward-moving project portfolio in Canada presents.
The Corporation may pay a 6% cash finders fee oncertain subscriptions under the Flow-Through Financing.
Insiders (as that term is defined by securities laws)of Red Lake Gold may participate for greater than 25% of theFlow-Through Financing.
The Flow-Through Financing is subject to all applicableregulatory approvals. Shares issued pursuant to the Flow-ThroughFinancing are subject to a customary four-month hold period pursuantto applicable securities laws of Canada.
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-looking statements address future events and conditions,including but not limited to matters and outcomes related to theFlow-Through Financing, and therefore involve inherent risks anduncertainties, including but not limited to the number of Flow-ThroughShares issued, if any, under the Flow-Through Financing, closing ofthe Flow-Through Financing, if any, certain tax matters related to theFlow-Through Financing and exploration projects belonging to theCorporation. Actual results may differ materially from those currentlyexpected or forecast in such statements.
Neither the CSEnor its Regulation Services Provider (as that term is defined in thepolicies of the CSE Exchange) accepts responsibility for the adequacyor accuracy of this release.
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