Red Lake Gold Inc. Announces Private Placement
Red Lake Gold Inc. Announces Private Placement
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S.
WIRE SERVICES
Vancouver, British Columbia, August 31, 2026 - Red Lake Gold Inc. (CSE: RGLD) (“Red Lake Gold” or the
“Corporation” or the “Issuer”) announces that it intends to complete a non-brokered private placement
of up to 5,000,000 common shares of the Corporation (the “Common Shares”) at a price of $0.075 per
Common Share for gross proceeds of up to $375,000 (the “Offering”).
The Offering may be completed in one or more tranches. The Corporation intends to use the net proceeds
of the Offering for general working capital, the satisfaction of ongoing corporate obligations and
exploration work at the Corporation’s mineral properties.
Certain insiders of the Corporation may participate in the Offering for up to 25% of the Offering. No new
insider or control person is expected to be created as a result of the Offering.
To the extent that insiders participate in the Offering, their participation will constitute a “related party
transaction” within the meaning of Multilateral Instrument 61 -101 - Protection of Minority Security
Holders in Special Transactions (“ MI 61-101”). The Corporation expects to rely on the exemptions from
the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections
5.5(a) and 5.7(1)(a), respectively, as the fair market value of the Common Shares to be issued to insiders,
and the consideration to be paid by insiders, will not exceed 25% of the Corporation’s market
capitalization.
The Corporation may pay finder’s fees in connection with the Offering in accordance with applicable
securities laws and the policies of the Canadian Securities Exchange (the “CSE”). Completion of the
Offering remains subject to receipt of all required regulatory approvals, including acceptance by the CSE.
All Common Shares issued under the Offering will be subject to a statutory hold period of four months
and one day from the applicable closing date.
About Red Lake Gold Inc.
Red Lake Gold Inc. (CSE: RGLD) is focused on advancing mineral exploration, including through mining
claims that it holds in differing locations within Ontario, Canada.
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On Behalf of the Board of Directors
Michael E. Schuss
Chief Executive Officer
T: 604.687.2038
Email: [email protected]
Forward-Looking Information
This news release contains forward-looking information regarding the Offering, including the number of
Common Shares that may be issued, the gross proceeds that may be raised, anticipated insider
participation, the potential payment of finder’s fees, the t iming and completion of the Offering, the
receipt of required regulatory approvals and the intended use of proceeds. Such forward -looking
information is based on management’s current expectations and assumptions, including assumptions
regarding subscriber interest, prevailing market conditions and the receipt of required regulatory
approvals.
Actual results may differ materially due to the risk that the Offering may not be completed on the terms
contemplated or at all, changes in the Corporation’s financial position or business priorities, the
availability of financing, regulatory developments, exploration risks and general economic and market
conditions. Readers are cautioned not to place undue reliance on forward -looking information. The
Corporation undertakes no obligation to update such information except as required by applicable
securities laws.
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE
Exchange) accepts responsibility for the adequacy or accuracy of this release.