[Video Enhanced] West Red Lake Gold Raises CND$50 Million of Non-Dilutive Capital

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[{"type":"text","content":"[Video Enhanced] West Red Lake Gold Raises CND$50 Million of Non-Dilutive Capital\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\n\n\n\n\n Vancouver, BC –\n \n\n TheNewswire\n-\n \n\n January 6, 2025 – Sponsored content\ndisseminated on behalf of West Red Lake Gold. On January 2, 2025, West\nRed Lake Gold Mines (TSXV: WRLG) (OTCQB: WRLGF) announced that it has\n \n\n\n\n closed a USD $35 million\nloan agreement\n \n\n\n\n ($55 million Canadian\ndollars) with Nebari Natural Resources Credit Fund II LP\n(Nebari).\n \n\n\n\n “Closing this transaction with Nebari is a major\nde-risking step and gives West Red Lake access to up to\n \n\n USD$35M of non-dilutive capital, at highly\nfavorable repayment terms\n \n\n which offers us solid\noperational flexibility going forward and allows the Company to\nsustain the momentum as we push to restart the Madsen project,”\nstated WRLG President and CEO Shane Williams.\n \n\n\n\n The January 2 press release included arcane financial\nterms like “fixed straight-line amortization” “loan bonus\nwarrants” and “perfected first priority senior security\ninterest”.\n \n\n\n\n In the January 3, 2024 “explainer” video below,\nGwen Preston, VP of Communications at WRLG, cut through the technical\njargon to reveal the PR’s major plot points.\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n “Today West Red Lake Gold announced the close of the\nUS$35-million credit facility with Nebari Natural Resources,” stated\nPreston. “We announced this as a term sheet in October and after\nseveral months of technical and legal review the company and Nebari\nnow have a completed loan agreement in place – and the first US$15\nmillion of that loan is in West Red Lake’s hands.”\n \n\n\n\n “It takes immense due diligence to complete a deal\nlike this. Nebari had to understand our data and plans at Madsen\nalmost as well as we do.\n \n\n\n\n Here are the three key takeaways from the January 2,\n2025 PR.\n \n\n\n\n First:\n \n\n the Madsen project held up\nagainst all that questioning, which is an endorsement:\n \n\n Nebari agrees with us that this mine makes\nsense\n \n\n in this gold environment.\n \n\n\n\n Second:\n \n\n The Nebari capital has\n \n\n West Red L...

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