Business
DLV RESOURCES LTD. AND WEST RED LAKE GOLD MINES INC. ANNOUNCE BINDING AGREEMENT FOR BUSINESS COMBINATION
DLV RESOURCES LTD. AND WEST RED LAKE GOLD MINES INC. ANNOUNCE BINDING AGREEMENT FOR BUSIN...
About this update from West Red Lake Gold Mines Ltd
[{"type":"text","content":"\n \n \n \n DLV RESOURCES LTD. AND WEST RED LAKE GOLD MINES INC. ANNOUNCE BINDING AGREEMENT FOR BUSINESS COMBINATION\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnsblb1{\nBORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n.prnbsbls{\nBORDER-LEFT:black 0.5pt solid\n}\n.prncbts{\nBORDER-TOP:black 0.5pt solid\n}\n.prnvat{\nVERTICAL-ALIGN: TOP\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnbbbs{\nBORDER-BOTTOM:black 0.5pt solid\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n.prnpr2{\nPADDING-RIGHT:0.17em\n}\n.prnpl2{\nPADDING-LEFT:0.17em\n}\n.prnbrbrs{\nBORDER-RIGHT:black 0.5pt solid\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n OR TO A U.S. PERSON/\n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Aug. 16, 2022\n \n \n /CNW/ -\n \n DLV Resources Ltd.\n \n (\"\n \n DLV\n \n \") (TSXV: DLV.H)\n \n and West Red Lake Gold Mines Inc. (\"RLG\")\n \n (CSE: RLG) are pleased to announce that they have entered into an arm's length binding agreement (the \"\n \n Agreement\n \n \") pursuant to which DLV has agreed to acquire all of the issued and outstanding common shares of RLG in consideration for the issuance of 0.1215 of a DLV common share for each RLG common share acquired (the \"\n \n Transaction\n \n \").    Upon closing of the Transaction, it is intended that DLV will be listed on Tier 2 of the TSX Venture Exchange as a Mining Issuer and that the RLG common shares will be de-listed from the CSE.\n \n \n DLV has agreed to assist RLG with sourcing purchasers for a financing of flow-through shares at a price of\n \n $0.0475\n \n per share for gross proceeds of up to\n \n $4,600,000\n \n (the \"\n \n Financing\n \n \").  Completion of the Transaction is conditional upon the Financing being completed on or before\n \n August 31, 2022\n \n .\n \n \n Pursuant to the Transaction,...