West Red Lake Gold Announces Upsize to Previously Announced Bought Deal Public Offering to $36 Million

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VANCOUVER, British Columbia, Sept. 16, 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 as a result of strong investor demand, it has entered into an agreement with Raymond James Ltd. (“Raymond James”), as sole underwriter, to increase the size of its previously announced bought-deal financing. West Red Lake will now issue 32,632,000 common shares of the Company (“Common Shares”) at a price of C$0.95 per Common Share (the “Common Share Issue Price”) for gross proceeds of C$31,000,400 (the “Offering”). The offering of 3,760,000 charity-flow through shares (the “Charity Flow-Through Shares”) at a price of C$1.33 per Charity Flow-Through Share remains unchanged. In aggregate, gross proceeds will now be $36,001,200.

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