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Cassels Represents Canaccord in West Red Lake Gold’s $25 Million Bought Deal Offering


On May 9, 2023, West Red Lake Gold Mines Ltd. closed a bought deal financing of 70,829,000 subscription receipts, at a price of $0.35 per subscription receipt and 600,000 common shares at a price of $0.35 per common share, for aggregate gross proceeds of approximately $25 million, which includes the exercise of the underwriter’s over-allotment option.

The offering was led by Canaccord Genuity Corp., as sole underwriter.

Cassels acted for Canaccord.

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