Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (16535)	3/17/2016 12:37:48 PM
From: Goose94	Read Replies (2) \| Respond to of 202930

West Red Lake Gold Mines (RLG-Cse) every Tom Dick & Harry newsletter writer on the pump.

To: Goose94 who wrote (16535)	4/5/2016 8:39:51 PM
From: Goose94	Read Replies (1) \| Respond to of 202930

West Red Lake Gold Mines (RLG-Cse) April 5, '16 announces that it has completed a non brokered private placement of common share units for aggregated gross proceeds of $575,000. The Company issued 5,750,000 common share units (the “Common Share Units”) at a price of $0.10 per Common Share Unit for aggregated gross proceeds of $575,000. Each Common Share Unit consists of one common share in the capital of the Company and one common share purchase warrant (the “Warrant”). Each Warrant issued in connection with the financing entitles its holder to purchase one common share in the capital of the Company at an exercise price of $0.15 per share for a period of 24 months from the date of issuance. Proceeds from the financing will be used for exploration on the Company's gold exploration project located in Red Lake, Ontario and for general working capital purposes. Exploration work is planned to commence following the spring breakup period. The Company also announces that options have been granted to directors and consultants of the Company to purchase, in aggregate, up to 400,000 common shares in the capital of the Company at an exercise price of $0.15 per common share for a period of three years. In connection with the financing, the Company issued 261,000 common shares in finders’ fees to eligible persons. West Red Lake Gold Mines Inc. is a Toronto-based minerals exploration company focused on gold exploration and development in the prolific Red Lake Gold District of Northwest Ontario, Canada. The Red Lake Gold District is host to some of the richest gold deposits in the world and has produced 30 million ounces of gold from high grade zones. The Company has assembled a significant property position totalling 3100 hectares in west Red Lake (the "West Red Lake Project") which contains three former producing gold mines. The Mount Jamie Mine and Red Summit Mine are 100% owned by the Company and the Rowan Mine is held in a 60%-owned joint venture with Red Lake Gold Mines, a partnership of Goldcorp Inc. and Goldcorp Canada Ltd. The West Red Lake Project property covers a 12km strike length along the Pipestone Bay – St Paul Deformation Zone and the Company plans to continue to explore the property both along strike and to depth. To find out more about West Red Lake Gold, please visit our website at http://www.westredlakegold.com. For additional information, please contact: John Kontak, President and acting CFO Phone: 416-203-9181 Email: jkontak@rlgold.ca westredlakegold.com