02:46 PM EST, 02/25/2025 (MT Newswires) -- West Red Lake Gold Mines ( WRLGF ) on Tuesday closed its previously announced and upsized public offering, raising $20 million in total.

The company issued near 23.63 million charity flow-through units at about $0.85 each.

Each unit is comprised of one common share and one warrant that can buy one share at $0.90.

"We were happy to welcome significant interest to this financing, which shows support for West Red Lake Gold and highlights demand from investors for companies moving into production in an excellent gold market," said Shane Williams, President and CEO.

The company's shares were last seen down $0.01, to $0.62, on the TSX Venture Exchange.

Price: 0.62, Change: -0.01, Percent Change: -1.59