West Red Lake Gold Mines Ltd. Closes $25,000,150 Bought Deal NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
VANCOUVER, British Columbia, May 09, 2023 (GLOBE NEWSWIRE) -- West Red Lake Gold Mines Ltd. (“West Red Lake” or the “Company”) (TSXV: WRLG) is pleased to announce, further to its news release dated April 17, 2023, the closing of the previously announced bought deal financing of 70,829,000 subscription receipts (the “Subscription Receipts”) of West Red Lake, at a price of $0.35 per Subscription Receipt (the “Issue Price”), together with 600,000 common shares of West Red Lake (the “Concurrent Shares”) at the Issue Price, for aggregate gross proceeds of $25,000,150 (the “Offering”). The Offering was led by Canaccord Genuity Corp., as sole underwriter (the "Underwriter"), and included exercise of the Underwriter’s over-allotment option granted in connection with the Offering.
West Red Lake Gold Mines Ltd. Closes $25,000,150 Bought (globenewswire.com)