{"success":true,"data":{"pressRelease":{"id":"164064","rtpr_id":"nNFC7WQZYp-20261008","ticker":"RGLD","exchange":"","all_tickers":["RGLD"],"title":"Red Lake Gold Inc. Closes First Tranche of Private Placement","author":"Newsfile Corp","published_at":"2026-10-08T11:05:15.698Z","article_body":"Vancouver, British Columbia--(Newsfile Corp. - October 8, 2026) - Red Lake\nGold Inc. (CSE: RGLD) (\"Red Lake Gold\" or the \"Corporation\" or the \"Issuer\")\nis pleased to report that it has closed the first tranche of the previously\nannounced non-brokered private placement (the \"Offering\") by way of the\nissuance of 3,609,998 common shares (the \"Common Shares\"), at a price of\n$0.075 per Common Share for gross proceeds of $270,749.85. The Offering was\ncompleted on the terms previously announced by the Corporation in its news\nrelease dated August 31, 2026, titled \"Red Lake Gold Inc. Announces Private\nPlacement.\"\n\nThe Corporation paid aggregate cash finder's fees of $6,789.99 in connection\nwith the Offering.\n\nThe Corporation intends to use the net proceeds of the Offering for general\nworking capital, the satisfaction of ongoing corporate obligations and\nexploration work at the Corporation's mineral properties.\n\nFollowing completion of the Offering, the Corporation has 8,663,915 Common\nShares issued and outstanding.\n\nAll Common Shares issued under the Offering will be subject to a statutory\nhold period of four months and one day, expiring on February 8, 2026.\n\nAbout Red Lake Gold Inc.\n\nRed Lake Gold Inc. (CSE: RGLD) is focused on advancing mineral exploration,\nincluding through mining claims that it holds in differing locations within\nOntario, Canada.\n\nOn Behalf of the Board of Directors\n\nMichael E. Schuss\nChief Executive Officer\nT: 604.687.2038\nEmail: info@redlakegold.ca\n\nForward-Looking Information\n\nThis news release contains forward-looking information regarding the intended\nuse of proceeds from the Offering and the Corporation's planned exploration\nand business activities. Such forward-looking information is based on\nmanagement's current expectations and assumptions, including assumptions\nregarding the Corporation's business priorities, prevailing market conditions,\nthe availability of additional financing and its ability to carry out its\nplanned activities.\n\nActual results may differ materially from those expressed or implied by the\nforward-looking information due to changes in the Corporation's financial\nposition or business priorities, the availability of additional financing,\nregulatory developments, exploration risks and general economic and market\nconditions. The Corporation undertakes no obligation to update such\ninformation except as required by applicable securities laws.\n\nNeither the CSE nor its Regulation Services Provider (as that term is defined\nin the policies of the CSE Exchange) accepts responsibility for the adequacy\nor accuracy of this release.\n\nNOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE\nSERVICES\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/318016","article_body_html":"","raw_payload":{"data":{"id":"nNFC7WQZYp-20261008","title":"Red Lake Gold Inc. Closes First Tranche of Private Placement","author":"Newsfile Corp","ticker":"RGLD","created":"2026-10-08T11:05:15.698Z","tickers":["RGLD"],"exchange":"","article_body":"Vancouver, British Columbia--(Newsfile Corp. - October 8, 2026) - Red Lake\nGold Inc. (CSE: RGLD) (\"Red Lake Gold\" or the \"Corporation\" or the \"Issuer\")\nis pleased to report that it has closed the first tranche of the previously\nannounced non-brokered private placement (the \"Offering\") by way of the\nissuance of 3,609,998 common shares (the \"Common Shares\"), at a price of\n$0.075 per Common Share for gross proceeds of $270,749.85. The Offering was\ncompleted on the terms previously announced by the Corporation in its news\nrelease dated August 31, 2026, titled \"Red Lake Gold Inc. Announces Private\nPlacement.\"\n\nThe Corporation paid aggregate cash finder's fees of $6,789.99 in connection\nwith the Offering.\n\nThe Corporation intends to use the net proceeds of the Offering for general\nworking capital, the satisfaction of ongoing corporate obligations and\nexploration work at the Corporation's mineral properties.\n\nFollowing completion of the Offering, the Corporation has 8,663,915 Common\nShares issued and outstanding.\n\nAll Common Shares issued under the Offering will be subject to a statutory\nhold period of four months and one day, expiring on February 8, 2026.\n\nAbout Red Lake Gold Inc.\n\nRed Lake Gold Inc. (CSE: RGLD) is focused on advancing mineral exploration,\nincluding through mining claims that it holds in differing locations within\nOntario, Canada.\n\nOn Behalf of the Board of Directors\n\nMichael E. Schuss\nChief Executive Officer\nT: 604.687.2038\nEmail: info@redlakegold.ca\n\nForward-Looking Information\n\nThis news release contains forward-looking information regarding the intended\nuse of proceeds from the Offering and the Corporation's planned exploration\nand business activities. Such forward-looking information is based on\nmanagement's current expectations and assumptions, including assumptions\nregarding the Corporation's business priorities, prevailing market conditions,\nthe availability of additional financing and its ability to carry out its\nplanned activities.\n\nActual results may differ materially from those expressed or implied by the\nforward-looking information due to changes in the Corporation's financial\nposition or business priorities, the availability of additional financing,\nregulatory developments, exploration risks and general economic and market\nconditions. The Corporation undertakes no obligation to update such\ninformation except as required by applicable securities laws.\n\nNeither the CSE nor its Regulation Services Provider (as that term is defined\nin the policies of the CSE Exchange) accepts responsibility for the adequacy\nor accuracy of this release.\n\nNOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE\nSERVICES\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/318016"},"type":"article","timestamp":"2026-10-08T11:05:15.734482375Z","server_sent_at_ms":1791457515734},"received_at":"2026-10-08T11:05:15.784Z","source_url":"https://www.newsfilecorp.com/release/318016"},"analysis":{"id":"152500","press_release_id":"164064","analysis_json":{"industry":{"label":"Metals & Mining","sector":"Materials"},"redFlags":["penny-stock financing at $0.075 per share","shares outstanding increase ~71% from this tranche alone","proceeds partly for 'satisfaction of ongoing corporate obligations' — going-concern funding signal"],"eventType":"offering","narrative":"Red Lake Gold closed the first tranche of its non-brokered private placement, issuing 3,609,998 shares at $0.075 for gross proceeds of $270,749.85.\n\nProceeds are earmarked for general working capital, corporate obligations, and exploration work on its Ontario mineral properties, with $6,789.99 paid in finder's fees.\n\nShares outstanding rise to 8,663,915 following the tranche, a meaningful percentage increase for the micro-cap issuer; new shares are under a four-month-plus-one-day statutory hold.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Routine micro-cap tranche close; heavy relative dilution at sub-dime pricing."},"keyFigures":{"offeringPrice":0.075,"sharesOffered":3609998,"customDimensions":{"hold_period_expiry":"four months and one day","shares_outstanding_after":8663915}},"namedEntities":{"people":[{"name":"Michael E. Schuss","role":"CEO"}],"products":[],"companies":[{"name":"Red Lake Gold Inc.","ticker":"RGLD"}],"dollarAmounts":[{"amount":"$270,749.85","context":"gross proceeds of first tranche"},{"amount":"$0.075","context":"price per common share"},{"amount":"$6,789.99","context":"aggregate cash finder's fees"}]},"materialImpact":{"score":2,"reasoning":"Micro-cap close of a small first-tranche private placement (~$271K gross) previously announced; routine financing with modest dilution (shares outstanding rise from ~5.05M to ~8.66M)."},"tickerRelevance":{"others":[],"primary":"RGLD"},"globalImportance":8,"audienceRelevance":5,"eventTypeSecondary":["dilution"],"importanceComponents":{"tickerTier":"micro-cap","eventGravity":"routine private placement tranche","dilutionSignificance":"high relative to share count, low absolute dollars"}},"event_type":"offering","event_type_secondary":["dilution"],"sentiment":"neutral","material_impact_score":2,"narrative":"Red Lake Gold closed the first tranche of its non-brokered private placement, issuing 3,609,998 shares at $0.075 for gross proceeds of $270,749.85.\n\nProceeds are earmarked for general working capital, corporate obligations, and exploration work on its Ontario mineral properties, with $6,789.99 paid in finder's fees.\n\nShares outstanding rise to 8,663,915 following the tranche, a meaningful percentage increase for the micro-cap issuer; new shares are under a four-month-plus-one-day statutory hold.","key_figures":{"offeringPrice":0.075,"sharesOffered":3609998,"customDimensions":{"hold_period_expiry":"four months and one day","shares_outstanding_after":8663915}},"named_entities":{"people":[{"name":"Michael E. Schuss","role":"CEO"}],"products":[],"companies":[{"name":"Red Lake Gold Inc.","ticker":"RGLD"}],"dollarAmounts":[{"amount":"$270,749.85","context":"gross proceeds of first tranche"},{"amount":"$0.075","context":"price per common share"},{"amount":"$6,789.99","context":"aggregate cash finder's fees"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-08T11:05:21.876Z","global_importance":8,"audience_relevance":5,"importance_components":{"tickerTier":"micro-cap","eventGravity":"routine private placement tranche","dilutionSignificance":"high relative to share count, low absolute dollars"}},"durationMs":6077,"modelName":"glm-5.3-flashx"}}