Red Lake Gold Inc. Launches Common Share Financing

Red Lake Gold Inc (TSE:RGLD) has released an update.

Red Lake Gold Inc., a Vancouver-based company, has announced plans to raise funds through the sale of up to 3,500,000 common share units at $0.055 each, including share purchase warrants. The proceeds from this non-brokered financing are intended for working capital and to further develop the Whirlwind Jack Gold Project. Regulatory approvals are pending, along with a standard four-month hold period for the issued securities.

For further insights into TSE:RGLD stock, check out TipRanks’ Stock Analysis page.