Red Lake Gold Inc. Closes Second Tranche of Private Placement
Red Lake Gold closed the second tranche of its non-brokered private placement, issuing 100,000 common shares at $0.075 per share for gross proceeds of $7,500. Across both tranches the micro-cap explorer has raised aggregate gross proceeds of $278,249.85, with proceeds earmarked for general working capital, corporate obligations, and exploration work on its Ontario mineral claims.
Key figures
- Offering Price
- 0.075
- Shares Offered
- 100000
- Finders fee
- 525
- Hold period expiry
- February 14, 2027
- Shares outstanding
- 8763915
- Gross proceeds tranche
- 7500
AI analysis
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