| | | BULLETIN V2024-1593
WEST RED LAKE GOLD MINES LTD. ("WRLG") ("WRLG.WT")
BULLETIN TYPE: Prospectus-Unit Offering, New Listing-Warrants
BULLETIN DATE: May 28, 2024
TSX Venture Tier 2 Company
Financing Type:
| Underwritten Prospectus Offering
|
|
| Gross Proceeds:
| $33,000,224
|
|
| Offering:
| 31,944,700 common share units of the Company ("Units") and 11,236,000
charity-flow-through units ("CFT Units"), inclusive of the fully exercised
overallotment option by the underwriters. Each Unit consists of one common
share in the capital of the Company ("Share") and one Share purchase warrant
("Warrant"). Each CFT Unit consists of one flow-through common share in the
capital of the Company on a flow-through basis, and one Warrant.
|
|
| Offering Price:
| $0.72 per Unit and $0.89 per CFT Unit.
|
|
| Warrant Exercise Terms:
| $1.00 per Warrant for a 24-month period.
|
Effective at opening on Thursday, May 30, 2024, the Warrants will commence trading on TSX Venture Exchange. The Company is classified as a 'Mining' company.
Corporate Jurisdiction:
| British Columbia
|
|
| Capitalization:
| 43,180,700 Warrants, authorized by a warrant indenture
dated May 16, 2024 of which 43,180,700 Warrants are issued and outstanding.
|
|
| Transfer Agent:
| Odyssey Trust Company
| Trading Symbol:
| WRLG.WT (new)
| CUSIP Number:
| 95556L143 (new)
|
Public Disclosure: Refer to the prospectus dated April 30, 2024 and the Company's news release(s) dated May 5, 2024; May 8, 2024; May 16, 2024; and May 28, 2024. |
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