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

Add To Watchlist

CSE:RGLD - Post Discussion

Red Lake Gold Inc > NEWS: Ryan Kalt now owns 8.7 mill. shares or 34.30% of RGLD

View:

Post by TraderJoe9 on Aug 28, 2019 11:28pm

NEWS: Ryan Kalt now owns 8.7 mill. shares or 34.30% of RGLD

Red Lake Gold investor Kalt owns 8.7 million shares

2019-08-28 21:20 ET - News Release

Mr. Ryan Kalt, an investor, reports

EARLY WARNING PRESS RELEASE REGARDING INVESTMENT IN RED LAKE GOLD INC.

Ryan Kalt has acquired an aggregate of 1,015,000 common shares of Red Lake Gold Inc. Mr. Kalt acquired one million of the shares in a private transaction today, under which Mr. Kalt paid an aggregate of $150,000, representing a price of 15 cents per share. In addition, through a company wholly owned by Mr. Kalt (Phoenix Mining Corp.), Mr. Kalt acquired 15,000 shares by way of a series of open market purchases made on the Canadian Securities Exchange on Aug. 23, 2019, under which Mr. Kalt paid an aggregate of $4,279.90, representing an average price of 28.53 cents per share. Collectively, the 1,015,000 shares acquired by Mr. Kalt represent approximately 4.00 per cent of the issued and outstanding common shares of the company.

Mr. Kalt now owns or has control or direction over an aggregate of 8,708,300 common shares of the Company, representing approximately 34.30% of the Company's issued and outstanding common shares (or 10,138,300 common shares of RGLD representing 37.80% of the issued and outstanding shares, assuming exercise of all warrants held by Mr. Kalt).

The shares were acquired by Mr. Kalt for investment purposes. Mr. Kalt may acquire additional securities of RGLD either on the open market or through private acquisitions or sell securities of RGLD either on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors. Other than the foregoing, Mr. Kalt does not have plans or any future intentions which relate to or would result in any of the other foregoing matters.

The Form 62-103F1 - Required Disclosure under the Early Warning Requirements associated with this news release can be obtained from RGLD's profile on SEDAR at www.sedar.com. To obtain a copy of the report, please contact Michael Raven of Beadle Raven LLP at 1.604.899.6401.