{"success":true,"data":{"pressRelease":{"id":"171409","rtpr_id":"nNFCbkLYGP-20261016","ticker":"RGLD","exchange":"","all_tickers":["RGLD"],"title":"Red Lake Gold Inc. Closes Second Tranche of Private Placement","author":"Newsfile Corp","published_at":"2026-10-16T11:00:15.568Z","article_body":"NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE\nSERVICES\n\nVancouver, British Columbia--(Newsfile Corp. - October 16, 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 second tranche of the previously\nannounced non-brokered private placement (the \"Offering\") by way of the\nissuance of 100,000 common shares (the \"Common Shares\"), at a price of $0.075\nper Common Share for gross proceeds of $7,500. The Offering was completed on\nthe terms previously announced by the Corporation in its news release dated\nAugust 31, 2026, titled \"Red Lake Gold Inc. Announces Private Placement.\"\n\nThe Corporation paid cash finder's fees of $525.00 in connection with the\nsecond tranche of 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\nAcross both tranches of the Offering, the Corporation has raised aggregate\ngross proceeds of $278,249.85. Following completion of the second tranche, the\nCorporation has 8,763,915 Common Shares 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 14, 2027.\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\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/319330","article_body_html":"","raw_payload":{"data":{"id":"nNFCbkLYGP-20261016","title":"Red Lake Gold Inc. Closes Second Tranche of Private Placement","author":"Newsfile Corp","ticker":"RGLD","created":"2026-10-16T11:00:15.568Z","tickers":["RGLD"],"exchange":"","article_body":"NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE\nSERVICES\n\nVancouver, British Columbia--(Newsfile Corp. - October 16, 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 second tranche of the previously\nannounced non-brokered private placement (the \"Offering\") by way of the\nissuance of 100,000 common shares (the \"Common Shares\"), at a price of $0.075\nper Common Share for gross proceeds of $7,500. The Offering was completed on\nthe terms previously announced by the Corporation in its news release dated\nAugust 31, 2026, titled \"Red Lake Gold Inc. Announces Private Placement.\"\n\nThe Corporation paid cash finder's fees of $525.00 in connection with the\nsecond tranche of 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\nAcross both tranches of the Offering, the Corporation has raised aggregate\ngross proceeds of $278,249.85. Following completion of the second tranche, the\nCorporation has 8,763,915 Common Shares 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 14, 2027.\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\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/319330"},"type":"article","timestamp":"2026-10-16T11:00:15.613170842Z","server_sent_at_ms":1792148415613},"received_at":"2026-10-16T11:00:15.669Z","source_url":"https://www.newsfilecorp.com/release/319330"},"analysis":{"id":"159577","press_release_id":"171409","analysis_json":{"industry":{"label":"Metals & Mining","sector":"Materials"},"redFlags":["shares priced at $0.075 -- sub-dime financing typical of distressed micro-caps","proceeds partly used for 'satisfaction of ongoing corporate obligations' rather than pure exploration"],"eventType":"offering","narrative":"Red Lake Gold closed the second tranche of its non-brokered private placement, issuing 100,000 common shares at $0.075 per share for gross proceeds of $7,500.\n\nAcross both tranches the micro-cap explorer has raised aggregate gross proceeds of $278,249.85, with proceeds earmarked for general working capital, corporate obligations, and exploration work on its Ontario mineral claims.\n\nShares issued are subject to a four-month-plus-one-day statutory hold period expiring February 14, 2027; the company now has 8,763,915 common shares outstanding.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Routine micro-cap tranche closing on previously announced terms -- suppress unless tracking RGLD financing history."},"keyFigures":{"offeringPrice":0.075,"sharesOffered":100000,"customDimensions":{"finders_fee":525,"hold_period_expiry":"February 14, 2027","shares_outstanding":8763915,"gross_proceeds_tranche":7500}},"namedEntities":{"people":[{"name":"Michael E. Schuss","role":"CEO"}],"products":[],"companies":[{"name":"Red Lake Gold Inc.","ticker":"RGLD","relationship":"issuer"}],"dollarAmounts":[{"amount":"$7,500","context":"gross proceeds of second tranche"},{"amount":"$0.075","context":"price per common share in the placement"},{"amount":"$525.00","context":"cash finder's fees for second tranche"},{"amount":"$278,249.85","context":"aggregate gross proceeds across both tranches"}]},"materialImpact":{"score":1,"reasoning":"Closing of a second tranche of a previously announced non-brokered private placement raising only $7,500 ($278,249.85 aggregate across both tranches). Micro-cap financing completion on previously announced terms; no new dilutive surprise."},"tickerRelevance":{"others":[],"primary":"RGLD"},"globalImportance":5,"audienceRelevance":5,"eventTypeSecondary":["dilution"],"importanceComponents":{"tickerTier":"micro-cap CSE explorer","dollarScale":"sub-$10K tranche, <$300K aggregate","eventGravity":"routine tranche closing on previously announced terms","retailFavoriteBoost":"none"}},"event_type":"offering","event_type_secondary":["dilution"],"sentiment":"neutral","material_impact_score":1,"narrative":"Red Lake Gold closed the second tranche of its non-brokered private placement, issuing 100,000 common shares at $0.075 per share for gross proceeds of $7,500.\n\nAcross both tranches the micro-cap explorer has raised aggregate gross proceeds of $278,249.85, with proceeds earmarked for general working capital, corporate obligations, and exploration work on its Ontario mineral claims.\n\nShares issued are subject to a four-month-plus-one-day statutory hold period expiring February 14, 2027; the company now has 8,763,915 common shares outstanding.","key_figures":{"offeringPrice":0.075,"sharesOffered":100000,"customDimensions":{"finders_fee":525,"hold_period_expiry":"February 14, 2027","shares_outstanding":8763915,"gross_proceeds_tranche":7500}},"named_entities":{"people":[{"name":"Michael E. Schuss","role":"CEO"}],"products":[],"companies":[{"name":"Red Lake Gold Inc.","ticker":"RGLD","relationship":"issuer"}],"dollarAmounts":[{"amount":"$7,500","context":"gross proceeds of second tranche"},{"amount":"$0.075","context":"price per common share in the placement"},{"amount":"$525.00","context":"cash finder's fees for second tranche"},{"amount":"$278,249.85","context":"aggregate gross proceeds across both tranches"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-16T11:00:23.252Z","global_importance":5,"audience_relevance":5,"importance_components":{"tickerTier":"micro-cap CSE explorer","dollarScale":"sub-$10K tranche, <$300K aggregate","eventGravity":"routine tranche closing on previously announced terms","retailFavoriteBoost":"none"}},"durationMs":7562,"modelName":"glm-5.3-flashx"}}