West Red Lake Gold Mines (TSE:WRLG) has released an update.
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West Red Lake Gold Mines Ltd. has announced that their gold-linked notes and common share purchase warrants will begin trading on the TSX Venture Exchange after receiving conditional approval. The notes, with a principal amount totaling US$27.16 million, bear a 12% annual interest and are set to mature by the end of 2029. Additionally, these notes will be backed by gold placed in escrow starting 2026, with the potential for premium payments to holders if gold sales exceed a guaranteed floor price.
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