Mr. Ryan Kalt (the “Acquirer”) reports that he has acquired certain securities of Red Lake Gold Inc. (the “Issuer”), represented by the sale of 2,049,800 ordinary shares (the “Divested Securities”), on an indirect basis, during the period from February 4, 2026 to February 6, 2026 (the “Sale Period”). Within the Sale Period, a subtotal of 1,148,800 shares of common stock were sold on February 6, 2026, giving rise to the report referenced herein.
As of this press release, the Acquirer owns and controls, on an aggregate direct and indirect basis, an aggregate of 27,335,500 common shares of the Issuer, representing approximately 54.09% of the currently issued and outstanding common shares of the Issuer, plus certain other convertible instruments (being common stock warrants and common stock options), all of which are further described in Form 62-103F1 filed today in connection with this press release.
The divested securities in the sale period were sold through the open market facilities of the Canadian Securities Exchange (or other broker-operated public exchange) at an aggregate average price of approximately $0.0358 per common share.
The acquirer is an approved control person (as that term is defined by the Canadian Securities Exchange) of the issuer.
The Acquiring Party may in the future sell securities of the Issuer, either in the open market or through private dispositions, or acquire securities of the Issuer in the future, either in the open market or through private acquisitions, depending on market conditions, the Acquiring Party’s investment objectives and/or other relevant factors. Other than the foregoing, the Acquiring Party has no plans or future intentions relating to or which would result in any of the other foregoing.
“Ryan Kalt”
Ryan Kalt
The CSE has not reviewed, approved or disapproved the contents of this press release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/283074
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