West Red Lake Gold Mines Inc. (CNSX:RLG) announced a non-brokered private placement of 6,283,000 flow-through units at a price CAD 0.07 per unit for gross proceeds CAD 439,810 on January 2, 2019. The transaction included participation from existing investor Pavilion Flow-Through L.P., a fund managed by Accilent Capital Management Inc., and will thereby increase its stake in the company from 28.32% to 28.56% on a fully diluted basis. Each flow-through unit consists of one common share on flow-through basis and one half of one share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price CAD 0.10 per share for a period of 18 months from the date of issuance. As a part of transaction the company paid a finder's fee of CAD 29,106 in cash to qualified registrants.