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Bullboard - Stock Discussion Forum West Red Lake Gold Mines Ltd V.WRLG

Alternate Symbol(s):  V.WRLG.WT | V.WRLG.WT.A | WRLGF | WLGMF | V.WRLG.NT.U

West Red Lake Gold Mines Ltd. is a Canada-based mineral exploration company. The Company is focused on advancing and developing its flagship Madsen Gold Mine and the associated 47 square kilometers (Km2) land package in the Red Lake district of Ontario. The Company’s project also includes West Red Lake Project, which is situated on the Red Lake Archean Greenstone Belt, which hosts the high... see more

TSXV:WRLG - Post Discussion

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Post by ppp on May 30, 2024 10:50am

Warrants.

Thought there would be more selling.
Comment by ppp on May 30, 2024 11:04am
Comment by ppp on May 30, 2024 11:16am
101 mil warrants 3.75 mil @ .42 june 16 2026 35.9mil  @ .68 Nov 28  2026 43.1mil @ 1.16 May  28 2026  These just started to trade Looks like like most of these warrants will be in the money around startup. IMO they shouldn't need to go to the market for more money
Comment by roberto146 on May 31, 2024 11:39am
The 43 million are actually 1.00 warrants, expiring 5/16/26 (two years after closing) according to the news release. Trading well so far.
Comment by ppp on May 31, 2024 2:57pm
You are correct, something management has to straighten out. I got my info from the presentation pg 17. 
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