West Red Lake Gold Mines Ltd (TSE:WRLG) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
West Red Lake Gold Mines Ltd. has announced a US$20 million private placement of gold-linked notes, with each unit priced at US$1,000 and including warrants for future share purchases. The fundraising effort is spearheaded by Raymond James Ltd. and aims to finance the restart of the Madsen Gold Mine, as well as for general corporate purposes. Notably, investor Frank Giustra is participating significantly in the offering, underlining strong insider support.
For further insights into TSE:WRLG stock, check out TipRanks’ Stock Analysis page.
