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Bullboard - Stock Discussion Forum 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... see more

CSE:RGLD - Post Discussion

Red Lake Gold Inc > Financing is Closed! Interest exceeded availability!
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Post by TraderJoe9 on Aug 23, 2019 2:42pm

Financing is Closed! Interest exceeded availability!

ORIGINAL: Red Lake Gold Inc. - Financing Update

2019-08-23 14:34 ET - News Release

VANCOUVER, BC / ACCESSWIRE / August 23, 2019 / Red Lake Gold Inc. (CSE: RGLD)(FWB:P11)(“Red Lake” or the "Corporation") is pleased to confirm that the financing announced by the Corporation is fully-allocated (see news release Red Lake Gold Inc. Announces Common Share Financing dated August 22, 2019)(the “Financing”). Red Lake advises that interest in the Financing exceeded availability. The Corporation confirms that it will not be upsizing the announced Financing.

Red Lake Gold Inc. is also pleased to report that planning for near-term exploration work on its Whirlwind Jack Gold Project located near Red Lake, Ontario is underway. Further updates will be provided in due course.

On Behalf of the Board of Directors

Ryan Kalt
Chairman & Chief Executive Officer

Forward-Looking Statements

This news release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently expected or forecast in such statements.

Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Red Lake Gold Inc.

Comment by SuneeDaze on Aug 23, 2019 2:56pm
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 ...more  
Comment by SuneeDaze on Aug 23, 2019 3:04pm
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.
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