West Red Lake Announces $12.3 Million Bought Deal Public Offering of Charity Flow-Through Units

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VANCOUVER, British Columbia, Feb. 18, 2025 (GLOBE NEWSWIRE) -- West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or “WRLG” or the “Company”) (TSXV: WRLG) (OTCQB: WRLGF) is pleased to announce that it has entered into an agreement with Raymond James Ltd. as sole underwriter (“Raymond James”) pursuant to which Raymond James has agreed to purchase, on a “bought deal” basis, 14,493,000 charity-flow through units (the “Charity Flow-Through Units”) of the Company at a price of C$0.8487 per Charity Flow-Through Unit (the “Charity Flow-Through Issue Price”), respectively, for aggregate gross proceeds to the Company of approximately C$12.3 million (the “Offering”).

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