12:57 PM EDT, 09/16/2025 (MT Newswires) -- West Red Lake Gold Mines ( WRLGF ) was last seen down 6.7% after the company on Tuesday increased the size of a bought-deal financing to $36 million from $30 million.

The company will now sell an underwriting syndicate 32.6-million shares at $0.95 apiece for $31 million, as well as 3.8-million charity-flow through shares at $1.33 each.

Proceeds are expected to be used to continue to advance the Madsen Gold Mine, to pursue growth opportunities and for working capital and general corporate needs. Proceeds from the issuance of the charity flow-through shares will be used to incur "qualifying Canadian exploration expenses" on its assets, primarily at the Rowan project.

Shares of the company were last seen down $0.07 to $0.98 on the TSX Venture Exchange.

Price: 0.98, Change: -0.07, Percent Change: -6.67