Red Lake Gold (RGLD-Cse) Closes Common Share Financing
Sept 4th 2019 - NR
Red Lake Gold is pleased to report that it has today closed its previously announced non-brokered private placement through the issuance of 2,000,000 common shares on the terms previously announced (see news release dated August 22, 2019, Red Lake Gold Inc. Announces Common Share Financing).
Red Lake Gold also advises that further to prospective insider participation notice contained in its news release dated August 22, 2019, the 25% insider allocation was fully taken-up by the Chief Executive Officer of the Corporation who in turn subscribed for 500,000 common shares of the 2,000,000 common shares offered in the non-brokered private placement.
Subsequent to the non-brokered private placement, the Corporation now has 27,391,251 shares outstanding.
The Corporation paid finders fees of $7,500 to PI Financial Corp. and $3,000 to Leede Jones Gable Inc.
No finders fees were paid in association with insider participation in the non-brokered private placement.
The common shares are subject to a four-month hold period pursuant to applicable securities laws of Canada.
On Behalf of the Board of Directors
Ryan Kalt
Chairman & Chief Executive Officer |
