PP
West Red Lake receives $414,150 from warrant exercise
2020-07-16 18:35 ET - News Release
Mr. John Kontak reports
WEST RED LAKE GOLD MINES RECEIVES $414,150 FROM WARRANT EXERCISE AND GRANTS STOCK OPTIONS
West Red Lake Gold Mines Inc. has issued 4,141,500 common shares, resulting from the exercise of 4,141,500 warrants at 10 cents per warrant, for proceeds of $414,150.
The company also announces that options have been granted to consultants and directors of the company to purchase in aggregate 3.2 million common shares in the capital of the company at an exercise price of 20 cents per common share for a period of 36 months.
West Red Lake is a Toronto-based mineral exploration company focused on gold exploration and development in the prolific Red Lake gold district of Northwestern Ontario, Canada.