West Red Lake Gold Mines Ltd. is pleased to announce the closing of its previously announced non-brokered private placement for gross proceeds of $7,000,000 from the sale of 10,000,000 flow-through shares at $0.70/FT Share. The Company intends to use the proceeds from the Offering for the exploration and advancement of the Company's properties in Red Lake, Ontario. Proceeds from the sale of Flow-Through Shares will be [...]
West Red Lake Gold Mines Ltd. is pleased to report additional drill results from its Phase 1 exploration program on its 100% owned Rowan Property located in the prolific Red Lake Gold District of Northwestern, Ontario, Canada. Results from Hole RLG-23-149B, most notably 50.52 grams per tonne gold over 4.0 m, was one of the best intercepts ever drilled on the Rowan Property. Based on the success of the current exploration [...]
West Red Lake Gold Mines Ltd. is pleased to announce the appointment of independent director, Hugh Agro, to the Company's board of Directors. Mr. Agro, B.Sc., MBA, P.Eng. has over 35 years of leadership and business experience in the mining industry. Since 2017, Mr. Agro has served as President & CEO and Director of Revival Gold Inc., a U.S. focused gold exploration and development company. Prior to Revival Gold Inc., Mr [...]
West Red Lake Gold Mines Ltd. is pleased to announce a non-brokered private placement offering of common shares to be issued on a "flow through" basis pursuant to the Income Tax Act. The Company intends to issue up to 8,571,428 Flow-Through Shares at an issue price of $0.70 per Flow-Through Share, for gross proceeds of up to $6,000,000. The Company intends to use the proceeds from the Offering for the exploration and [...]
West Red Lake Gold Mines announces the grant of stock options, restricted share units and deferred share units in accordance with the Company's stock option plan, and its RSU and DSU Plan. Directors and Officers of the Company were granted an aggregate of 3,800,000 stock options vesting over a three year period with 25% vesting in 3 months from the grant date and 25% vesting on the first, second and third anniversary of [...]
West Red Lake Gold Mines Ltd. is pleased to report additional drill results from its Phase 1 exploration program on its 100% owned Rowan Property located in the prolific Red Lake Gold District. HIGHLIGHTS: Hole RLG-23-146 Intersected 2.8m @ 20.9 g/t Au, from 349.7m to 352.5m, Including 0.5m @ 113.74 g/t Au, from 349.7m to 350.2m Hole RLG-23-133 Intersected 0.4m @ 104.98 g/t Au, from 74.85m to 75.25m Hole RLG-23-144 [...]
West Red Lake Gold Mines Ltd. is pleased to announce that it has completed the acquisition of the Madsen Gold Project through the acquisition of all of the outstanding shares of Pure Gold Mining Inc. The Acquisition was completed on June 16, 2023 pursuant to the Approval and Reverse Vesting Order granted in PGM's proceedings under the Companies' Creditors Arrangement Act. The Order approved the transactions contemplated [...]
Pure Gold Mining announces that its ordinary shares listed on the NEX Board of the TSX-V will be delisted at the close of markets on June 9, 2023, pursuant to a voluntary delisting application made by the Company to the NEX. The NEX will issue a bulletin confirming the Delisting on June 8, 2023. The Delisting is taking place to facilitate the sale of the Company's issued and outstanding Shares to West Red Lake Gold Mines [...]
West Red Lake Gold Mines Ltd. is pleased to announce the appointment of Shane Williams as President and CEO, effective June 1, 2023, succeeding Tom Meredith, who becomes Executive Chairman. The Company is also pleased to report Mr. Duncan Middlemiss has joined West Red Lake Gold as an independent director. These strategic appointments are part of ongoing changes at the Company in relation to the acquisition of the Madsen [...]
Pure Gold Mining announces that the British Columbia Supreme Court has approved a transaction for the sale of the Company's issued and outstanding shares to West Red Lake Gold Minespursuant to an Approval and Reverse Vesting Order in the Company's ongoing proceedings under the Companies' Creditors Arrangement Act. Further information with respect to the Transaction is set out in the Company's Press Release of April 17 [...]
West Red Lake Gold Mines Ltd. is pleased to report initial drill results from its previously announced Phase 1 exploration program from its 100% owned Rowan Property located in the prolific Red Lake Gold District. The Company has received assay results from 10 of the 16 holes completed so far. HIGHLIGHTS: 90% of holes for which assays have been received show intervals grading > 5 grams per tonne gold -- highlighted [...]
West Red Lake Gold Mines Ltd. is pleased to announce that further to its news release dated April 17, 2023 it has entered into the Definitive Share Purchase Agreement with Pure Gold Mining, and a fund managed by Sprott Resource Lending Corp. in respect of the acquisition of the Madsen Gold Project through the acquisition of all of the issued and outstanding shares of Pure Gold. Details of the Acquisition and the Madsen [...]
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