Red Lake Gold Inc. Launches Share Financing Initiative

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

Red Lake Gold Inc. is poised to raise funds through a non-brokered common share financing, aiming to issue up to 5 million shares at $0.10 each. The proceeds are designated for the development of the Whirlwind Jack Gold Project and general working capital. Investors are alerted to a potential 6% cash finder’s fee, and any shares sold will require regulatory approval and be subject to a four-month holding period.

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