Red Lake Gold Inc C.RGLD

Red Lake Gold Inc. is a Canada-based company focused on gold exploration. The Company’s principal business activities include the acquisition and exploration of mineral property assets. It is focused on high-impact gold exploration through its 21,238 hectares district-scale Whirlwind Jack gold project situated near Red Lake, Ontario. Its projects include Whirlwind Jack Gold Project, Fenelon North Gold Project, Preston District Uranium Project, and Celt Lake Lithium Project. The Whirlwind Jack Gold Project is a district-scale gold exploration project located near Red Lake, Ontario. The Fenelon North Gold Project is situated within the core of the Fenelon gold district. The Preston District Uranium Project is located in Saskatchewan near exploration projects held in by Azincourt Energy Corp. and Orano Canada. The Celt Lake Lithium Project is located in Red Lake Mining District, Ontario, Canada. The Celt Lake Lithium Project has approximately 500 claims.

CSE:RGLD - Post by User

Red Lake Gold Inc > Financing is Closed! Interest exceeded availability!

<< Previous

Bullboard Posts

Next >>

Comment by SuneeDazeon Aug 23, 2019 3:04pm

57 Views

Post# 30059963

RE:RE:Financing is Closed! Interest exceeded availability!

ALso, no dilutive free warrants that end up getting repriced over and over until they're in the money...and no flow through share component that often acts as a drag on price because investors only need to recoup about 60% of the price to break even after tax considerations.

I'm impressed.

SuneeDaze wrote: Wow, that was fast. Love the line...

"...Red Lake advises that interest in the Financing exceeded availability. The Corporation confirms that it will not be upsizing the announced Financing...."

And better yet, the response! NO Thank You!

What exploreco. exec wouldn't extend a financing for more funds, allow more of their cronies to take part, etc....We'll, one who doesn't want to dilute holdings further and believes in the company and its projects in that they'll be worth more at a later date, and can finance then in a less dilutive manner!!

Thank you, Ryan!