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Red Lake Gold Inc C.RGLD

Red Lake Gold Inc. is a Canada-based junior mining exploration company. 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-hectare 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, which consists of over 11 mining licenses totaling approximately 56571 hectares, is located in the Athabasaca Basin region of Saskatchewan. 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

Post by dacreon Aug 24, 2018 10:10pm
85 Views
Post# 28516156

Insiders Hold 45%

Insiders Hold 45%Nice to see management and insiders with a heavy stake in the company, however with only 12,700,000 shares outstanding, it explains the lack of trading volume.

All told, insiders hold about 45% of the company with Mike England holding about 20% (2,490,000 shares), and of course Ryan Kalt who they acquired their Moosehead claims from, with 1,450,000 or about 11 %.

The stock may be somewhat illiquid with few shares available to trade, but that will undoubtedly cause some heavy demand/movement when positive news is delivered from the current field program.
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