Mr. Ryan Kalt reports
RED LAKE GOLD INC. ANNOUNCES FLOW-THROUGH FINANCING
Red Lake Gold Inc. intends to conduct a non-brokered flow-through financing consisting of up to 3.5 million flow-through shares to be issued at a price of five cents per flow-through share for gross proceeds of up to $175,000.
Red Lake Gold intends to use the proceeds of the flow-through financing to finance exploration work at its Whirlwind Jack project and/or other exploration opportunities as its current and/or forward-moving project portfolio in Canada presents.
The corporation may pay a 6-per-cent cash finder's fee on certain subscriptions under the flow-through financing.
Insiders (as that term is defined by securities laws) of Red Lake Gold may participate for greater than 25 per cent of the flow-through financing.
The flow-through financing is subject to all applicable regulatory approvals. Shares issued pursuant to the flow-through financing are subject to a customary four-month hold period, pursuant to applicable securities laws of Canada.
We seek Safe Harbor.
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