Red Lake Gold Inc. Appoints Chief Executive Officer, Provides Corporate Updates
Red Lake Gold announced a 1-for-10 share consolidation, reducing outstanding shares from approximately 50.5 million to 5.1 million, with a record date of August 10, 2026. Simultaneously, the company terminated its previously proposed non-brokered financing after the CSE flagged pricing discrepancies, and admitted it requires funding to settle liabilities and advance operations. Michael E.
Key figures
- Options forfeited
- 350000
- Warrants forfeited
- 14200000
- Reverse split ratio
- 10
- Shares outstanding pre
- 50539169
- Shares outstanding post est
- 5053916
AI analysis
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