Business
Red Lake Gold Inc. - Financing
(TheNewswire) Vancouver, British Columbia – TheNewswire - December 13, 2023 ...
About this update from Red Lake Gold Inc
[{"type":"text","content":"Red Lake Gold Inc. - Financing\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, British Columbia –\n \n \n TheNewswire -\n \n \n December 13, 2023 –\n \n Red Lake Gold\nInc. (CSE:RGLD) (“\n \n Red Lake\nGold\n \n ” or the \"\n \n Corporation\n \n \")  reports that it intends to conduct a\nnon-brokered common share unit financing (the \"Common Share Unit\nFinancing\") consisting of up to 1,000,000 common share units (the\n“Units”) to be issued at a price of $0.05 per Unit.\n \n \n Each Unit will consist of one common share of the Corporation (a\n\"Unit Share\") and one common share purchase warrant (a\n“Warrant”) that entitles the holder of a Warrant, upon further\npayment to the Corporation, to acquire one additional common share of\nthe Corporation (a \"Warrant Share\") at an exercise price of\n$0.06 per Warrant Share on any date prior to the date which is 36\nmonths following the closing date of the Common Share Unit Financing\nor tranche thereunder.\n \n \n Red Lake Gold intends to use the proceeds of the Common Share Unit\nFinancing for general working capital and corporate purposes,\nincluding, without limitation, office, accounting, legal, regulatory,\nadvisory, stock exchange, managerial and/or other expenses, fees and\ncosts incurred in the course of the Corporation maintaining or\nadvancing its business.\n \n \n In an effort to support the working capital position of the Company,\nInsiders (as that term is defined by securities laws) of Red Lake Gold\nmay participate for greater than 25% of the Common Share Unit\nFinancing.\n \n \n The Corporation may pay a 6% cash finders fee on certain subscriptions\nunder the Common Share Financing, which excludes cash finders fees on\nany subscriptions by Insiders (as that term is defined by securities\nlaws).\n \n \n The Common Share Unit Financing is subject to all applicable\nregulatory approvals and the customary four-month hold period pursuant\nto applicable securities laws of Canada.\n \n \n \n On Behalf of the Board of\nDirectors\n \n \n \n Ryan Kalt\n \n \n \n \n \n \n Chairman & Chief Executive Officer\n \n \n T: 604.687.2038\n \n \n Email:\n \n \n \n [email protected]\n \n \n \n \n \n \n Forward-Looking Statements\n \n \n \n...