Red Lake Gold Inc. announced a non-brokered private placement of 2,000,000 common share units at a price of CAD 0.30 per unit for gross proceeds of up to CAD 600,000 on December 9, 2021. The transaction may include participation from insiders of the company for greater than 25% of the financing. Each unit shall consist of one common share and one-half of a common share purchase warrant exercisable at CAD 0.45 per common share for a period of 12 months from the date of closing. The company may pay finder's fees equal to 7% on a cash basis. The securities issued are subject to a hold period of four month in accordance with applicable Canadian securities laws. The transaction is subject to receipt of all applicable regulatory approvals. At present, the company has 31,837,501 common shares issued and outstanding.