West Red Lake Gold Mines ( (TSE:WRLG) ) has provided an announcement.
West Red Lake Gold Mines Ltd. has successfully closed a $20 million public offering of charity flow-through units, led by Raymond James Ltd. The proceeds will be used for Canadian development expenses on the company’s assets, supporting its production ramp-up and investor confidence in a strong gold market.
More about West Red Lake Gold Mines
West Red Lake Gold Mines Ltd. operates in the gold mining industry, focusing on the exploration and development of gold properties. The company is engaged in moving into production, highlighting its market focus on gold mining and development.
YTD Price Performance: 3.56%
Average Trading Volume: 533,768
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $140.9M
For a thorough assessment of WRLG stock, go to TipRanks’ Stock Analysis page.