West Red Lake Announces Financing Package to Fund Madsen Mine Restart
West Red Lake Announces Financing Package to Fund Madsen Mine Restart
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不得將本文轉發給美國的新聞線或在美國傳播
VANCOUVER, British Columbia, Oct. 17, 2024 (GLOBE NEWSWIRE) -- West Red Lake Gold Mines Ltd. ("West Red Lake Gold", "WRLG" or the "Company") (TSXV:WRLG) (OTCQB: WRLGF) is pleased to announce that the Company has secured commitments totaling in excess of C$68 million to finance the restart of its Madsen Gold Mine ("Madsen"). Madsen remains on track to recommence production in 2025.
溫哥華,英屬哥倫比亞,2024年10月17日(環球新聞社) - 西紅湖黃金礦業有限公司("西紅湖黃金","WRLG"或"公司")(TSXV:WRLG)(OTCQB:WRLGF)高興地宣佈,該公司已獲得承諾金額超過6800萬加元,用以資助其麥德森黃金礦("麥德森")的重啓。麥德森計劃於2025年恢復生產。
The financing package is comprised of the following:
融資包括以下內容:
- US$35 million (approximately C$48 million) loan facility (the "Loan Facility") with Nebari Natural Resources Credit Fund II, LP ("Nebari") bearing interest of SOFR (Secured Overnight Financing Rate) plus 8% with a term of 42 months. A non-binding term sheet has been signed and closing of the Loan Facility remains subject to entering into definitive documentation and due diligence.
- C$20 million bought-deal equity offering of 28,986,000 units of the Company (the "Units") at a price of C$0.69 per Unit (the "Issue Price") led by Raymond James Ltd. (the "Offering").
- 與Nebari Natural Resources Credit Fund II,LP("Nebari")簽訂了美元3500萬(約合加元4800萬)的貸款協議("貸款協議"),利率爲SOFR(擔保隔夜融資利率)加8%,期限爲42個月。已簽署了一份非約束性條款表,並且貸款協議的關閉仍須先進行最終文件簽署和盡職調查。
- 該融資包括加元2000萬的定向增發,發行公司的28986000個單位("單位"),每單位售價爲0.69加元("發行價格"),由雷蒙德詹姆斯有限公司("發行")牽頭。
"This finance package provides the capital anticipated to restart the Madsen mine, according to our detailed internal mine plan," said Shane Williams, President and CEO. "Upon closing this C$68 million package, along with existing cash on hand, we anticipate the company will be well positioned to complete the Madsen pre-feasibility study, the ongoing test mining program, the proactive capital projects underway at the mine site, and the restart and ramp up of the mine, including working capital and corporate requirements.
「這個財務方案提供了預期的資金,將重新啓動麥德森礦山,威廉姆斯總裁兼首席執行官表示。」 「在完成這個6800萬加元的方案後,再加上現有的現金,我們預計公司將有良好的準備條件來完成麥德森可行性研究,正在進行中的試採項目,以及礦山現場正在進行的積極資本項目,以及礦山的重新啓動和擴建,包括營運資金和公司的需求。」
"We worked closely with our partners to develop a finance package that addresses the balance of the capital required for Madsen, as currently estimated in our detailed internal mine plan, and preserves strong upside from the Madsen Mine for West Red Lake Gold shareholders."
「我們與合作伙伴緊密合作,制定了一個財務方案,解決了麥德森所需的資本餘額,目前根據我們詳細的內部礦山計劃估算,保留了韋斯特雷德萊克黃金股東從麥德森礦山獲取強大上行潛力。」
West Red Lake Gold acquired the Madsen Mine project in June 2023. The Company has completed 40,000 metres of definition drilling alongside significant mine engineering and multiple capital projects and studies to inform a pre-feasibility study that is targeted for release within a month.
韋斯特雷德萊克黃金於2023年6月收購了麥德森礦項目。公司已完成了4萬米的定義鑽探工作,同時開展了重要的礦山工程和多項資本項目和研究,爲即將發佈的初步可行性研究提供了支持。
Following release of the pre-feasibility study and the closing of the financing package announced today, it is anticipated that the Company intends to work towards a formal mine restart decision. Mill restart and commissioning will then follow. Once the mill is operational, the Company will process the batch-stockpiled bulk samples from the test mining program, enabling reconciliation calculations between estimated and milled gold grades.
在發佈初步可行性研究並宣佈今天的融資方案後,公司預計將致力於正式決定重新啓動礦山。隨後將進行磨粉廠的重啓和調試工作。一旦磨粉廠投入運營,公司將處理試採項目中堆放的批量樣本,實現估計和加工後金品位的對賬計算。
The test mining program will run into Q1 2025, after which time the mine will transition to production mining, with material stockpiled.
測試採礦計劃將持續到2025年第一季度,在那之後,礦山將轉爲生產採礦,並儲備物料。
Bought Deal Equity Offering
股本發售協議
The Company has entered into an agreement with Raymond James Ltd. as sole underwriter, pursuant to which Raymond James have agreed to purchase, on a "bought deal" basis, 28,986,000 units (the "Units") of the Company at a price of C$0.69 per Unit (the "Issue Price") for aggregate gross proceeds to the Company of C$20,000,340 (the"Offering").
公司已與雷蒙德詹姆斯有限公司作爲唯一承銷商簽訂協議,根據該協議,雷蒙德詹姆斯同意以"全包交易"方式購買公司的28,986,000份單位("單位"),每份單位售價爲C$0.69("發行價"),爲公司帶來總計C$20,000,340的總收入("發行")。
Each Unit is comprised of one common share (each a "Common Share") and one Common Share purchase warrant (each such full warrant, a "Warrant"). Each Warrant will entitle the holder thereof to purchase one Common Share at a price of $0.90 for a period of 36 months following the closing of the Offering.
每單位由一份普通股(每份爲一份"普通股")和一份普通股認購權證(每份完整認購權證爲一份"認購權證")組成。每份認購權證授予持有人在發行結束後36個月的期間內,以$0.90的價格購買一份普通股。
The Company has granted Raymond James an Over-Allotment Option, exercisable in whole or in part, at any time, and from time to time, for a period of 30 days following the closing of the Offering, to purchase at the Issue Price up to such number of an additional Units, Common Shares and Warrants as is equal to 15% of the number of Units sold pursuant to the Offering. Raymond James can elect to exercise the Over-Allotment Option for Units only, Common Shares only or Warrants only, or any combination thereof, to cover over-allotments, if any, and for market stabilization purposes.
公司已授予雷蒙德·詹姆斯一項超額配售選擇權,可全額或部分行使,在任何時候,及不時,在發行結束後的30天內,按發行價購買額外單位、普通股和認股權,數量相當於根據發行確定的單位數量的15%。雷蒙德·詹姆斯可以選擇僅行使超額配售選擇權用於單位、僅普通股或僅認股權,或以上述任何組合以Cover超額配售,必要時爲市場穩定目的。
The Company intends to use the net proceeds from the Offering to continue to advance the restart plan for the Madsen Gold Mine as well as for working capital and general corporate purposes.
公司打算利用本次融資的淨收益繼續推進麥德森金礦的重啓計劃,並用於營運資金和一般企業用途。
The Units will be offered under the short form base shelf prospectus (the "Base Prospectus") of the Company dated April 30, 2024, as supplemented by a shelf prospectus supplement (the "Supplement") to be prepared and filed in each of the provinces of Canada, other than the Province of Quebec. The Units will also be offered by way of a private placement in the United States, and in those jurisdictions outside of Canada and the United States which are agreed to by the Company and Raymond James, where the Units can be issued on a private placement basis, exempt from any prospectus, registration or other similar requirements. Copies of the Base Prospectus and the Supplement will be available on the Company's SEDAR+ page at .
單位將在公司於2024年4月30日日起的簡式基礎備案招股書《基礎招股書》基礎上,輔以一份將在加拿大各省(魁北克省除外)準備並備案的招股書補充資料《補充資料》做出的發行。單位也將以定向增發的方式在美國融資,以及在公司和雷蒙德·詹姆斯商定的除加拿大和美國以外的司法轄區,單位可以根據定向增發方式發行,免除任何招股書、登記或其他類似要求。基礎招股書和補充資料的副本將在公司的SEDAR+頁面提供。
The Offering is expected to close on or about October 24, 2024 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSXV.
本次發行預計將於2024年10月24日左右結束,並受到Certain條件的約束,包括但不限於獲得所有必要批准,包括tsxv的批准。
The securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any U.S. state securities laws, and may not be offered or sold in the United States without registration under the U.S. Securities Act and all applicable state securities laws or compliance with the requirements of an applicable exemption therefrom. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
這些證券未經1933年修正案修正的《美國證券法》("美國證券法")或任何美國州立證券法的登記,不得在未根據美國證券法和所有適用的州立證券法註冊或符合符合免責條款要求的情況下在美國提供或出售這些證券。此新聞稿不構成出售或請求購買美國證券的要約,也不得在任何不符合或違反適用法律的情況下在任何司法轄區出售這些證券。
About West Red Lake Gold Mines
關於紅湖金礦 West Red Lake Gold Mines Ltd. 的代表
West Red Lake Gold Mines Ltd. is a mineral exploration and development company that is publicly traded and focused on advancing and developing its flagship Madsen Gold Mine and the associated 47 km2 highly prospective land package in the Red Lake district of Ontario. The highly productive Red Lake Gold District of Northwest Ontario, Canada has yielded over 30 million ounces of gold from high-grade zones and hosts some of the world's richest gold deposits. WRLG also holds the wholly owned Rowan Property in Red Lake, with an expansive property position covering 31 km2 including three past producing gold mines – Rowan, Mount Jamie, and Red Summit.
West Red Lake Gold Mines Ltd.是一家礦產勘探和開發公司,其股票在公開市場交易,專注於推進和發展其旗艦Madsen Gold Mine以及安大略省雷德萊克地區佔地47平方公里的高度前景的土地包。加拿大安大略省西北部富有成效的雷德萊克金礦區已從高品位礦區開採超過3000萬盎司的黃金,擁有世界上一些最富有的金礦儲量。WRLG還在雷德萊克擁有全資的Rowan礦產,佔地31平方公里,包括Rowan、Mount Jamie和Red Summit三個曾有生產黃金的礦山。
On behalf of West Red Lake Gold Mines Ltd.
前瞻性信息
"Shane Williams"
「Shane Williams」
Shane Williams
Shane Williams
President & Chief Executive Officer
董事長兼首席執行官
FOR FURTHER INFORMATION, PLEASE CONTACT:
如需更多信息,請聯繫:
Gwen Preston
Gwen Preston
Tel: (604) 609-6132
電話:(604) 609-6132
Email: investors@westredlakegold.com or visit the Company's website at
電郵:investors@westredlakegold.com或訪問公司網站
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
TSX創業公司交易所或其監管服務提供商(如TSX創業公司政策中定義的那樣)不對本公告的充分性或準確性負責。
Forward looking information
本新聞稿中包含的某些聲明可能構成"前瞻性信息"。前瞻性信息一般可以通過語言如"預期"、"期望"、"估計"、"預測"、"計劃"或類似詞語表達其對未來結果或事件的暗示。前瞻性信息基於管理層目前的預期,然而,它受到已知和未知風險、不確定性和其他因素的影響,這些風險、不確定性和其他因素可能導致本新聞稿中的前瞻性信息與實際情況不符,其中包括但不限於與認購的完成、超額認購選擇權的行使以及認購結束日期有關的聲明。請注意,本新聞稿中的前瞻性信息基於許多關鍵的預期和假設,包括但不限於公司將繼續實現其聲明的業務目標,以及公司能夠籌集額外資本以繼續前進。雖然公司管理層試圖確定可能導致實際結果與本新聞稿中前瞻性信息不符的重要因素,但可能有其他因素會導致結果與預期、估計或意圖不符。對於公司的前瞻性信息,讀者應保持謹慎,公司不承擔就執行與之相應的任何義務。閱讀者應該注意,依賴這種信息可能不適用於其他用途。有關風險和不確定性的補充信息請參見公司截至2023年11月30日的管理討論和分析,以及公司截至2023年11月30日的年度信息表,拷貝可在SEDAR+上獲得。
Certain statements contained in this news release may constitute "forward-looking information" within the meaning of applicable securities laws. Forward-looking information generally can be identified by words such as "anticipate", "expect", "estimate", "forecast", "planned", and similar expressions suggesting future outcomes or events. Forward-looking information is based on current expectations of management; however, it is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from the forward-looking information in this news release and include without limitation, statements relating to the closing and definitive amount of the Loan Facility, closing of the Offering, the anticipated timing of the mill restart and commissioning, the outcome of a formal mine restart decision, the timing of commercial production at Madsen, the estimated capital needs required to restart Madsen, the exercise of the over-allotment option, the use of proceeds of the Loan Facility and Offering and the expected closing date of the Loan Facility and Offering. Readers are cautioned not to place undue reliance on forward-looking information.
本新聞稿中包含的某些聲明可能構成適用證券法規的"前瞻性信息"。前瞻性信息通常可通過諸如"預測"、"期待"、"估計"、"預測"、"計劃"等詞語來識別,這些詞語暗示未來的結果或事件。前瞻性信息基於管理層當前的預期;然而,它受已知和未知風險、不確定性以及其他因素的影響,這些因素可能導致實際結果與本新聞稿中的前瞻性信息大不相同,包括但不限於,與貸款設施結束和確定金額有關的聲明,募資結束,磨坊重新啓動和投產的預期時間,正式礦山重新啓動決定的結果,Madsen商業生產的時間,重新啓動Madsen所需的預計資本需求,超額配股選擇權的行使,貸款設施和募資用途,以及貸款設施和募資的預期結束日期。請讀者謹慎對待前瞻性信息。
Forward-looking information involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking information. These risks and uncertainties include, among other things, market volatility; the state of the financial markets for the Company's securities; fluctuations in commodity prices, actual costs versus anticipated budgeted costs for the restart of Madsen, and changes in the Company's business plans. Forward-looking information is based on a number of key expectations and assumptions, including without limitation, that the TSXV will approve the Offering, that the gold market will remain robust, that the Company will continue with its stated business objectives and its ability to raise additional capital to proceed. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Accordingly, readers should not place undue reliance on forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Additional information about risks and uncertainties is contained in the Company's management's discussion and analysis for the year ended November 30, 2023, and the Company's annual information form for the year ended November 30, 2023, copies of which are available on SEDAR+ at .
前瞻性信息涉及衆多風險和不確定性,實際結果可能大不相同於任何前瞻性信息所暗示的結果。這些風險和不確定性包括但不限於,市場波動;公司證券的金融市場狀況;大米重啓的實際成本與預算成本的波動,以及公司業務計劃的變化。前瞻性信息基於許多關鍵期望和假設,包括但不限於,tsxv將批准募資,黃金市場將繼續強勁,公司將繼續實現其所述業務目標並具備籌集額外資本繼續的能力。儘管公司管理層已嘗試確定可能導致實際結果與前瞻性信息不符的重要因素,但可能存在其他因素導致結果不如預期、估計或意圖。不能保證此類前瞻性信息將被證明準確,因爲實際結果和未來事件可能大不相同於此類前瞻性信息中預期的。因此,讀者不應過度依賴前瞻性信息。讀者需注意,過度依賴此類信息可能並非適用於其他目的。有關風險和不確定性的其他信息,請參閱公司截至2023年11月30日的管理層討論與分析以及截至2023年11月30日的公司年度信息表,拷貝可在SEDAR+上獲取。
The forward-looking information contained herein is expressly qualified in its entirety by this cautionary statement. Forward-looking information reflects management's current beliefs and is based on information currently available to the Company. The forward-looking information is made as of the date of this news release and the Company assumes no obligation to update or revise such information to reflect new events or circumstances, except as may be required by applicable law.
本文中所包含的前瞻性信息明確受到本警告聲明的限制。前瞻性信息反映了管理層當前的信念,並基於當前對公司可獲得信息的理解。前瞻性信息是根據本新聞稿的日期製作的,公司假定不具備將更新或修訂此類信息以反映新事件或情況的義務,除非適用法律要求。
For more information on the Company, investors should review the Company's continuous disclosure filings that are available on SEDAR+ at .