West Red Lake Gold Mines Ltd (TSE:WRLG) has released an update.
West Red Lake Gold Mines Ltd. has announced a substantial $30 million public offering, in collaboration with Raymond James Ltd. and other underwriters, to fund the development of the Madsen Gold Mine and other corporate purposes. The offering includes both common shares and warrants, with additional units potentially available through an over-allotment option. Proceeds will also support qualifying Canadian development expenses on the company’s assets.
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