Mr. Ryan Kalt (the “Acquirer”) reports that he has acquired certain securities of Red Lake Gold Inc. (the “Issuer”) on an indirect basis, represented by the sale of 2,479,000 ordinary shares (the “Divested Securities”) during the inclusive period from February 20, 2026 to February 23, 2026 (the “Sale Period”). Within said Sale Period, a subtotal of 1,629,000 shares of common stock were sold today, February 23, 2026, resulting in the Form 62-103F1 referenced herein and this related press release.
As of this press release, the Acquirer currently owns and controls, on an aggregate direct and indirect basis, 23,356,500 common shares of the Issuer, representing approximately 46.21% of the currently issued and outstanding common shares of the Issuer, plus certain other convertible instruments (being common stock warrants and common stock options). SEDAR+) regarding this press release.
The divested securities represent 4.91% of the Issuer’s outstanding common shares (based on the Issuer having 50,539,169 issued and outstanding common shares as of the date hereof).
The divested securities were sold during the sale period through the open market facilities of the Canadian Securities Exchange (the “CSE“), or another broker-routed public exchange, at an average sales price of approximately $0.0184 per common share.
The Acquiring Party may in the future sell securities of the Issuer, either in the open market or through private dispositions, or may in the future acquire securities of the Issuer, 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 and/or as publicly filed, Acquiring Party has no plans or future intentions relating to or which would result in any of the other foregoing matters.
“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/285013
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