Mr. Ryan Kalt (the “Acquirer”) reports that he has acquired certain securities of Red Lake Gold Inc. (the “Issuer”) on an indirect basis, as represented by the sale of 1,562,000 ordinary shares (the “Divested Securities”), during the inclusive period from February 26, 2026 to February 27, 2026 (the “Sale Period”). Within said Sale Period, a subtotal of 1,117,000 shares of common stock were sold today, resulting in the Form 62-103F1 referenced herein and this related press release.
In the direct and indirect aggregate, the acquirer now owns and controls 19,868,500 common shares of the Issuer, representing approximately 39.31% of the outstanding common shares of the Issuer, in addition to certain other convertible instruments (being common stock warrants and common stock options), all of which are further described and hereby referenced by reference to Form 62-103F1 filed today (on SEDAR+) in connection with this disclosure.
The divested securities represented approximately 3.09% of the Issuer’s outstanding common shares (based on the Issuer having issued 50,539,169 common shares as of the date hereof).
The divested securities were sold during the sale period through open market facilities of the Canadian Securities Exchange (the “CSE“), or other broker-led market, at an average sales price of $0.02 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/285784
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